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Promethera's Cell Therapy Attracts Corporate VCs To Largest European Biopharma Funding Round This Year

 
• By John Davis

Belgium's Promethera raises $31.4 million to start clinical trials of its cell therapy for orphan liver diseases in a Series B funding

The Belgian cell therapy company, Promethera Biosciences SA NV, has raised €23.6 million ($31.4 million) to support the start of clinical trials of its progenitor hepatocyte product, Promethera HepaStem, in orphan liver diseases, with the corporate venture funds of Shire PLC and Boehringer Ingelheim Corp. becoming investors for the first time.

Other new investors in the Series B financing round, led by existing investor , include Mitsui Global Investment, the Danbury,...

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