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Abivax Advances Again On Funding Front

Plus Plans In Place For NASDAQ Submission

 
• By Kevin Grogan

The French biotech has been making steady progress in raising the funds needed to advance obefazimod and this week has seen new equity backers Kreos, Claret and Heights come onboard.

Paris
Paris is home to Abivax • Source: Shutterstock

Having openly declared its desire to pursue a listing in the US, Abivax SA has also secured access to a significant injection of funds to finance the last-stage program of obefazimod, its closely-watched investigational treatment for ulcerative colitis (UC).

The French biotech has signed two structured debt financings worth up to €150m. The first consists of up to €75m...

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