GERMANY - Ganymed increases series-C financing
Biopharmaceutical company Ganymed Pharmaceuticals AG has announced a second closing of EUR 3.5m to its series C funding, bringing the total for the round to EUR 37.2m.
The additional capital was fully subscribed by ATS Beteiligungsverwaltung GmbH, Munich, who already participated in the first closing. At the same time, the company announced the election of Hans-Beat Gürtler as a new member of the Supervisory Board. Gürtler replaces Dr Harald Poth, who will continue to represent LBBW as observer to the Supervisory Board.
Ganymed is a biopharmaceutical company offering smart antibody therapeutics for ideal targets in solid cancers. The company is building a growing sustainable pipeline of antibody therapeutics targeting solid cancers with high medical need and large market potential.
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