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Citryll Hits Back Of the NET With €85m Financing

 
• By Kevin Grogan

The Dutch group has assembled an impressive syndicate which is betting that the first-in-class monoclonal antibody CIT-013 could be a transformative treatment for rheumatoid arthritis and hidradenitis suppurativa.

Eduardo Bravo (Citryll)

Citryll has attracted the attention of Johnson & Johnson and Novartis who have joined a stellar syndicate of investors to back the Dutch biotech’s innovative approach to treating inflammatory diseases.

The Oss-headquartered group has closed an oversubscribed €85m ($90m) series B financing which was co-led by J&J’s venture capital arm...

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