A syndicate of leading European and US investors has raised €63 million for SciRhom GmbH of Germany which is developing a treatment for autoimmune diseases by modulating an enzyme controlling several major signalling pathways. The Series A financing will enable SciRhom to bring its lead product candidate – a monoclonal antibody – into clinical development before the end of the year. The investment round was co-led by Andera Partners, Kurma Partners, Hadean Ventures, MIG Capital and Wellington Partners. PhiFund Ventures of the US also participated.
