Venture capital remains the primary driver of biopharma financings in 2022, accounting for 48.7% of all financings for the year. That is dramatically more than 2021 when 31% of the money raised by this point came through VC rounds. In 2020, the amount was only 18%.
Bright Uro Inc. has emerged from stealth mode with $4 million in seed financing from Academy Investor Network, Fred Moll and several other angel investors. The company also secured a $2 million phase II small business innovation research (SBIR) grant from the NIH.
Artificial intelligence is moving further into drug discovery with the launch of Charm Therapeutics Ltd., which arrives on the scene with a $50 million series A round.
Two years on from establishing the first such fund, Dutch venture capital firm Forbion has announced a second growth opportunities fund, to be devoted to late-stage biotechs in Europe. The new fund has reached a first close of €470 million (US$500.6 million) and is expected to meet its hard cap of €600 million over the summer.
Jiangsu Hengrui Medicine Co. Ltd., its subsidiary Shengdi Investment Management Holding Co. Ltd., and Hengrui Group are to invest ¥2.01 billion (US$301 million) to jointly set up an equity investment company targeting pharmaceutical and health care companies.
In August 2020, it looked like DBV Technologies SA was in considerable trouble after the U.S. FDA served it with a rejection for its Viaskin Peanut allergy patch, raising concerns efficacy could be compromised because the product wasn’t sticking to the skin well. But could the Montrouge, France-based firm be making a comeback with the epicutaneous technology?
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