
Panakes, Invitalia in €3m series-A for Aileens Pharma
Panakes Partners has led a €3m series-A funding round for Italian company Aileens Pharma.
VC firm Invitalia Ventures also took part in the investment via its Italia Ventures I fund, which closed on €87m in October 2017.
Panakes deployed capital from its first fund, which held a final close on €100m in January 2018 and targets biotech and pharmaceutical companies.
Panakes principal Barbara Castellano, Invitalia investment manager Svetlana Vashkel and entrepreneur Maurizio Comini will join Aileens Pharma’s executive board to support the company’s CEO Sonia Longo Sormani in leading the company during this new phase of expansion.
The fresh capital will be used to accelerate the development of its platform of topical non-steroidal treatments for atopic dermatitis, complete their clinical development, obtain the CE mark and launch the products on the European market.
Company
Founded at the beginning of 2018 and based in Milan, Aileens Pharma specialises in the development of topical non-steroidal treatments for atopic dermatitis, as well as other types of dermatological disorders.
People
Panakes Partners - Alessio Beverina (general partner).
Invitalia Ventures - Sergio Buonanno (CEO).
Aileens Pharma - Sonia Longo Sormani (founder, CEO).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater