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Venture Funding Deals: Innovent Sets Financing Record In China

 
• By Deanna Kamienski, Beth Allan, Maureen Riordan, and Steven Muntner

The firm’s $260m Series D is the largest ever for biopharma in China and one of the biggest of the year worldwide; other notable financings go to Biohaven, Kymab and Magenta. Derived from Strategic Transactions, Informa’s premium source for tracking life sciences deal activity, the Venture Funding Deals column provides a comprehensive monthly review of emerging biopharmaceutical companies that have received venture funding. This month’s column covers deals announced October through early December.

Danish firm Acesion Pharma APS, specializing in therapies for atrial fibrillation, raised €9.1m ($10m) in the first close of what appears to be a third round to current investors Wellcome Trust and Novo Seeds. (Nov.)

aTyr Pharma Inc. entered into a $20m credit facility with Silicon Valley Bank and Solar Capital. The company, which is focused on rare diseases based on physiological modulators, received $10m upon execution of the loan agreement and will receive two additional $5m tranches upon the achievement of specified milestones

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