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NorthSea Raises Cash For NASH Program

 
• By Lucie Ellis-Taitt

NorthSea raises €25m to push icosabutate, its only clinical compound, which was licensed from Pronova BioPharma, into Phase IIb trials for fatty liver disease. The drug has previously been tested in hypertriglyceridemia and dyslipidemia.

Liver anatomy
NTS to pursue icosabutate in NASH

Emerging Dutch biotech, NorthSea Therapeutics (NST), has raised €25m to move its NASH drug icosabutate into Phase IIb next year; with dual modality that targets both metabolic and anti-inflammatory aspects of this form of liver disease, NorthSea believes its drug can stand out from the numerous pipeline competitors.

NTS has raised €25m via a series A financing round led by Forbion and BGV, and including Novo Seeds, the...

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