Three venture firms have backed European start-up ObsEva SA in a CHF 32 million ($34.9 million) Series A round of funding that will be used to develop a portfolio of women’s health drug candidates obtained from Merck Serono SA.
Paris-based Sofinnova Partners led the round, while Sofinnova Ventures of Menlo Park, Calif., and Novo A/S of Denmark participated. MS Ventures, the corporate venture unit of Merck Serono’s parent,
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