VarmX closes new financing to help develop blood coagulation factor X

2 July 2018

Dutch biotech company VarmX, which focuses on the development of therapies in the field of hemostasis and thrombosis, today announced the closing of a Series A financing round of 7.5 million euros ($8.8 million).

The new financing will enable VarmX to advance its lead compound PseudoXa as a safe and effective factor Xa anti-coagulant reversal agent into human clinical studies, the company notes.

The round was led by the existing shareholder BioGeneration Ventures (BGV) and regional economic development company InnovationQuarter also invested. Uniiq and Leiden University are also shareholders through conversion of their start-up loan to the company.

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