Citryll raises 85 million euros
Dutch biotech Citryll, which is focused on treating immune-mediated inflammatory diseases by targeting neutrophil extracellular traps (NETs), today announced the successful closing of an oversubscribed 85 million euros ($89.8 million) Series B fundraise.
The funding round was co-led by Johnson & Johnson (NYSE: JNJ), through its corporate venture capital organization, Johnson & Johnson Innovation – JJDC, Forbion and Novartis Venture Fund, with the participation of Pureos Bioventures, alongside existing investors BioGeneration Ventures, Seventure Partners, BOM, Curie Capital, and Citryll’s founders.
Citryll explained that this financing is more than just another biotech funding round. It represents scientific breakthrough: NETs, discovered in 2004, are web-like structures released by white blood cells that are now understood to be fundamental drivers of inflammation - yet they've never been successfully targeted therapeutically.
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