New Dutch biotech gets funding to progress promising NASH drug
A newly-formed biotechnology company in the Netherlands is the latest to chase the fast-growing, but elusive, market for the treatment of non-alcoholic steatohepatitis (NASH), where many products are under development, but none yet approved.
NorthSea Therapeutics has announced today the completion of a 25 million-euro (~$29 million) Series A funding for the development of icosabutate, a structurally engineered fatty acid (SEFA) as a novel, oral approach for the treatment of NASH.
The investment syndicate led by Forbion and BGV includes Novo Seeds, the early-stage investment arm of Novo Holdings A/S and New Science Ventures.
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