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Alzheimer Disease
Probiodrug AG Acquires Ingenium Pharmaceuticals AG to Form an Integrated Biopharmaceutical Company
July 15th, 2007
Probiodrug AG (Probiodrug), a developer of small molecule inhibitors against inflammatory and neurodegenerative diseases, has acquired Ingenium Pharmaceuticals AG, a discovery and development company focused on inflammatory diseases, both companies announced today. The combined entity has simultaneously closed a Series A financing round of Euro 20.6 million (US$ 27.6 million) to ensure the rapid development of the company's pipeline of compounds targeted to treat Alzheimer's disease and chronic inflammatory diseases. TVM Capital and HBM BioVentures (Cayman) Ltd. financed together with IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH (IBG), Sachsen LB Corporate Finance...
Source: Aging & Elder Health Week (2007-07-15)
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