Novimmune announces closing of CHF 60 million financing

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18.02.2014

Novimmune SA announced that it has closed a Series B financing round for CHF 60 million ($66 million). London-based Rosetta Capital Limited led the round with participation of new private investors as well as existing investors.

Jonathan Hepple, Partner at Rosetta, has joined Novimmune's Board of Directors. Hepple brings more than 15 years' investment experience in the life science industry. He is a co-founder of Rosetta Capital, an advisory and venture capital firm focused on the life sciences sector.

"We welcome Rosetta as a new investor in Novimmune and look forward to working with Jonathan as a new member of our Board," commented Jack Barbut, CEO of Novimmune. "His experience across orphan disease and protein engineering companies, and in the investment sector, nicely complements Novimmune's other Board members' perspectives."

"This is an exciting time to become involved with Novimmune," commented Dr. Hepple. "The Company is advancing valuable new medicines by pursuing a three-pillar strategy — NI-0501 is a clinical-stage drug candidate for a life threatening disease, which Novimmune intends to develop and commercialize with its own resources, setting the basis for a high-value orphan business. NI-0101, a first in class clinical-stage anti-TLR4 antibody, addresses broad market opportunities that may enable the Company to establish a major strategic partnership. Finally, Novimmune's unique kappa/lambda body™ bispecific drug platform, particularly its application to selectively inhibit CD47 on cancer cells, holds promise to benefit a broad range of cancer patients."

About Novimmune
Novimmune is focused on the creation of medicines to serve patients in need. In addition to entering partnerships to exploit large market opportunities and its next-generation antibody drug platform, the Company plans to bring medicines to market for orphan disease applications.

To date, Novimmune has generated seven monoclonal antibodies designed to treat immune-related disorders. The pipeline is a balance of preclinical and clinical compounds, specific for clinically validated and novel targets. Each of these portfolio products has the potential of becoming a medicine for multiple medical conditions due to the intrinsic mechanism of action. Five compounds are currently in early clinical development with the two most advanced in clinical Phase II.

In addition to these compounds, Novimmune has developed two unique and proprietary antibody generation platforms.

Principal investors include BZ Bank, Rosetta Capital, Ingro Finanz, Patinex AG, Varuma, Pictet Private Equity Fund, Aravis Venture Fund, and Fracht AG.

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