TxCell raises 12.4 million euros to progress OvaSave
French biotech firm TxCell SA has raised 12.4 million euros ($16.1 million) in a third financing round. This additional capital was provided by the InnoBio fund, managed by CDC Entreprises, for EUR six million and by TxCell’s existing shareholders Auriga Partners and Seventure Partners.
These additional financial resources will enable TxCell to pursue the development of its lead product candidate, OvaSave, an antigen-specific Treg cell-based immunotherapy for the treatment of Crohn’s disease in patients who are refractory to current treatments.
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