Promethera raises 23.6 million euros, with backers including Shire and Boehringer

28 March 2012

Belgian cell therapy company Promethera Biosciences yesterday completed a fundraising round that generated 23.6 million euros ($31.3 million), including 17 million euros in capital. Among the new investors are the venture arms of pharmaceutical industry leaders Boehringer Ingelheim and Shire, Japanese investment fund Mitsui Global Investment, US company ATMI and Belgian venture capital fund Sambrinvest.

This Series-B fundraising has been successful thanks to the major achievements made by Promethera Biosciences since its Series-A fundraising in 2009. Most outstanding is the GMP accreditation following the successful transfer and scaling up of the production process developed at Universite Catholique de Louvain (UCL) into a larger-scale pharmaceutical operation.

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