
Italian biotech NanoPhoria Bioscience has announced the successful first close of its 83.5 million euros ($97.4 million) Series A financing round.
The round was led by XGEN Venture, Sofinnova Partners, and CDP Venture Capital, with Panakès Partners also investing and one other undisclosed investor joining the round.
Funds raised will propel NanoPhoria’s lead candidate, NP-MP1, through investigational new drug (IND)-enabling studies and early clinical development.
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