MedWatch

Biotech company closes heavily oversubscribed financing round

More than 70 investors participated in biotech company Synklino's financing round with proceeds going to the drug development for organ transplant patients infected with the herpesvirus cytomegalovirus (CMV).

Thomas N. Kledal, co-founder and CEO at Synklione (to the right) and John Haurum, chairman of the board of Synklino. | Photo: Synklino / PR

Finding the necessary capital to continue operations has been smooth sailing for biotech company Synklino, which reported on Monday that a financing round has concluded, bringing in DKK 106m (USD 16.2m).

Synklino had only expected a third of that figure, but the investment round was popular among old and new investors alike. This included the existing backers, Nordic funds Vækstfonden and Eir Ventures, as well as current management and board members, in addition to 70 new investors, comprising both private investors and interested family offices, and new institutional investors such as Strategic Investments.

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