ReViral raises $55 million to advance RSV clinical studies
UK-based antiviral drug discovery and development company ReViral today announced the successful completion of a $55 million Series B financing.
The financing was led by New Leaf Venture Partners and Novo Ventures, part of Novo Holdings A/S, with additional new investment from Perceptive Advisors. Existing investors Andera Partners, OrbiMed and Brace Pharma Capital also participated in the fundraising.
The new funding will enable ReViral to progress its lead drug candidate (RV521), a highly potent and orally bioavailable potential treatment for respiratory syncytial virus (RSV) infections, into Phase IIa pediatric and adult trials, and to continue the development of a novel series of antiviral inhibitors targeting RSV replication. RV521 is soon expected to enter an international multicenter Phase IIa pediatric trial. This study will be followed by additional trials in adult stem cell transplant patients, the British biotech firm said.
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