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Novo Ventures invests millions in Bavarian Nordic rival

London-based biotech company Reviral has raised USD 55 million for the continued development of its phase II candidate against the respiratory disease RSV. Novo Ventures is among the investors.

Photo: Novo Holdings/PR
BY MIKKEL AABENHUS HEMMINGSEN

The competition is intensifying on the potential billion-dollar market for treatment of the respiratory disease RSV and now, Novo Holdings also sets the ball rolling.

Novo Ventures has invested an unknown sum in British Reviral in a series B fundraising that brought in USD 55 million for the company.

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