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Assessing Artios: $83m Series B, Big-Name Investors, Nothing In The Clinic

 
• By Lucie Ellis-Taitt

Cambridge, UK-based Artios Pharma attracted several new investors for its over-subscribed series B round in August 2018, but the company is yet to enter the clinic with its DNA repair drug portfolio and has many hurdles ahead to validate its technology. Scrip speaks to investors from LSP and Arix about why preclinical-stage biotechs are getting more attention in 2018.

Growth

Artios Pharma Ltd. secured £65m ($83m) via a recent series B financing, having originally set a target of £50m for the round. Existing shareholder Arix Bioscience and newcomer Life Science Partners (LSP) spoke to Scrip about their interest in the fledgling biotech and the shifting European investment landscape.

Artios completed its series B financing earlier than originally anticipated, having raised £25m in a series A round in September 2016

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