LONDON - The Brexit factor appears to be holding back fundraising across all sectors in the U.K., and life sciences is no exception. After a small pick-up in the second quarter, the third quarter has disappointed, with £214 million (US$263.2 million) raised by U.K. biotechs across the public and private markets.

HONG KONG – GI Innovation Inc., a microbiome combination drug developer based in Seoul, South Korea, has recently issued fully paid convertible preferred stock (CPS) worth KRW37.5 billion (US$31 million) for a series B investment.

HONG KONG – GI Innovation Inc., a microbiome combination drug developer based in Seoul, South Korea, has recently issued fully paid convertible preferred stock (CPS) worth KRW37.5 billion (US$31 million) for a series B investment.

DUBLIN – T3 Pharmaceuticals AG raised more than CHF12 million (US$12.1 million) in a second financing round to progress its immuno-oncology technology, which exploits a bacterial protein transport system to deliver a therapeutic payload to tumor cells.

The business Martin Moore started years ago in college to make ends meet was dubbed Orion. Many years later, his new business, Meissa Vaccines Inc., was named for a star in Orion's constellation and could more than help him make ends meet.

Zielbio Inc., of Charlottesville, Va., closed on a $25.1 million series A financing to further its lead candidate, ZB-131, a humanized monoclonal antibody against cell surface plectin, which is expressed on the plasma membrane of ovarian, pancreatic, lung and colorectal cancer cells.

HONG KONG – South Korean biopharmaceutical giant Celltrion Group, of Incheon, and Korea Development Bank (KDB), a wholly state-owned policy development bank, have agreed to run a fund worth KRW220 billion (US$184 million) to grow venture companies in Korea's bio-health care sector.