AgomAb Therapeutics NV’s first nine-figure venture round is the fifth largest this year for a Europe-based company, and ought to see the company through Phase II development of its lead compound, a therapy for fibrostenosing Crohn’s disease.
Agomab Gets $100m In Fifth Largest European Venture Round This Year
But the cash will probably not be enough to prove its lead compound’s efficacy for a severe form of Crohn’s disease.

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CEO Kris Elverum told Scrip about the start-up’s platform for editing RNA to correct genetic variants that cause harm and to reproduce healthy variants as a means of treating disease.
The four-year-old firm said it plans to advance programs toward the clinic from the funding round, which comes just over a year after signing two major pharma partnerships.
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There were six biopharma initial public offerings on Western stock exchanges, including five in the US, during the first quarter, but plunging stock values could halt further IPOs.