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Asian Investors Bankroll €40m Promethera Biosciences Series D

 
• By Mike Ward

Liver disease-focused Belgian cell therapy biotech Promethera Biosciences closes a €39.7m ($44.4m) Series D round co-led by new Japanese investors Itochu Corporation and Shinsei Capital Partners. Asian investors now own about 44% of company.

liver
Promethera Uses Cell Therapy Approach To Treat Liver Diseases • Source: Shutterstock

Promethera Biosciences SA NV, the Mont-Saint-Guilbert, Belgium-based cell therapy biotech, has once again turned Eastwards to find backers for its efforts. The company’s €39.7m Series D round was co-led by new Japanese investors Itochu Corporation and Shinsei Capital Partners.

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