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MinervaX Hopes To Match Pfizer In Group B Streptococcus Vaccines Race

Raises €72m Ahead Of Phase III Program

 
• By Kevin Grogan

The Danish biotech has secured more funding for a late-stage program to advance its vaccine against Group B streptococcus, which is in a race for approval with Pfizer's product.

Fiscer_Per
Per Fischer • Source: Minervax

Minervax ApS has added to its cash pile as it heads into pivotal trials in a two-horse race with Pfizer Inc. to bring an effective vaccine against Group B streptococcus (GBS) to the market.

The Danish biotech has completed a €72m round, consisting of €22m equity financing co-led by new investors Trill Impact Ventures and Pureos Bioventures and a €50m loan facility from the European Investment Bank (EIB)

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