Pharmalink’s $15M Series C Financing To Progress Assets And Strategy

Privately held Pharmalink of Sweden will use a $15 million Series C funding for pivotal studies in its lead cancer and renal disease drugs, and to shop for new in-licensing or M&A opportunities in the Nordic region.

Pharmalink AB, a specialty Scandinavian biotech focused on orphan and niche products, has raised SEK96 million ($15 million) in a Series C financing round for use in pivotal trials for its Nefecon (budesonide) kidney drug and the oncology asset Busulipo (MZH-2). It also will use the money to explore fresh in-licensing and acquisition prospects in the region.

Cancer treatment Busulipo, a conditioning agent for use before hematopoietic stem cell transplants, was discovered by two professors at Sweden’s...

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