UPPSALA, Sweden, Aug. 28, 2018 /PRNewswire/ -- Beactica, the Swedish drug discovery company, today announced the completionof its latest financing round, providing significant funds that will be used to advance the Company's internal pipeline of discovery-stage oncology programmes.
The financing round was Beactica's most successful to date, being almost 60% oversubscribed.
"Our pipeline of novel therapeutics is advancing well and we are very pleased with the confidence shown by our investors at this exciting time," said Per Källblad, CEO of Beactica. "There is a pressing need for improved therapies for glioblastoma, and the new funds will enable us to accelerate the development of compounds that have shown promise in pre-clinical models."
Allan Asp, Investment Manager at ALMI Invest, commented: "We are very pleased to be part of Beactica's positive development. Since our first investment in 2009 we have been impressed with the Company's ability to turn scientific excellence into business."
Beactica AB Contact
Per Källblad M.Sc. Ph.D.CEOper.email@example.com Tel: +46-18-56-08-80
Notch Communications Contact
Kate Whelan Ph.D.firstname.lastname@example.org Tel: +46-(0)70-238-11-49 / +44-(0)161-457-7230
This information was brought to you by Cision http://news.cision.com
View original content:http://www.prnewswire.com/news-releases/beactica-closes-financing-round-to-accelerate-its-pipeline-of-novel-cancer-therapeutics-300703136.html
SOURCE Beactica AB
Subscribe to our Free Newsletters!