MIG Fonds et al. in €13m Antisense round
MIG Fonds and Global Asset Management have invested a further €13m in biotechnology company Antisense Pharma GmbH, with management and private investors also taking part in the financing.
MIG AG invested €11m and Global Asset Fund contributed €1.5m.
Antisense Pharma develops therapies for particularly aggressive cancers. The company's lead product, Trabedersen, is in clinical development and selectively inhibits the production of tumour-supporting proteins. Trabedersen was awarded orphan drug status from the European and American authorities for high grade glioma (brain tumours) in 2002 and for the treatment of pancreatic cancer in 2009.
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