New financing will enable the company to launch shortly the first
Phase II clinical trial of its lead candidate ACT017 inhibiting GPVI in
acute ischemic stroke
PARIS–(BUSINESS WIRE)–Acticor Biotech, a clinical stage biotechnology company involved in
the acute phase of thrombotic diseases, including stroke and pulmonary
embolism, today announced that it has completed a €15.3 million Series B
round of financing from European and Asian investors. This new funding
will enable the company to finance its first phase II in acute ischemic
stroke with its lead candidate ACT017.
The Series B was led by Newton BioCapital, a Belgium venture capital
fund, followed by Mirae Capital, a Korean fund, CMS Medical Venture
Investment Limited and A&B (HK), these last two funds are based in Hong
Kong. Existing investors including CapDecisif Management also
participated into this round.
This Series B might be completed by an additional financing of up to €5M
in order to finance additional clinical developments with ACT017 in
Alain Parthoens, Managing Director of Newton Biocapital will now
join the Board of Directors and commented: “We are excited to lead
the current round of investors in Acticor Biotech and look forward to
advancing ACT017 into its first phase II clinical development in acute
Hyun Tae Kim, General Manager, Head of Bio Investment Team of
Mirae Asset Capital, a subsidiary of Mirae Asset Financial Group, who
will now join the Board of Director as observer, commented: “Our
presence as investor in Europe is relatively new but we have been
convinced by the potential of ACT017, the new target GPVI and the
Catherine Boule, Managing Partner at CapDecisif Management
commented: “We have reinforced our investment into the company who is
pursuing its clinical development at a fast pace and on time”.
Gilles Avenard, President of Acticor Biotech, commented: “We
are delighted to have raised new equity from specialised healthcare
investors who will enable us to grow and demonstrate the full potential
of the company into thrombotic diseases”.
Agile Capital Markets and Cukierman Life Sciences acted as financial
advisors for Acticor Biotech.
About Newton Biocapital
Established in 2017, Newton Biocapital is a Belgian venture capital fund
focused on financing biotech and life science projects in the “core of
Europe” (B, NL, D, F) and Japan for the prevention and treatment of
chronic diseases. The fund’s approach as lead investor is to support
promising start-up projects, as well as neglected or undervalued
late-stage projects, in order to mitigate the risks and to create
investor value. Its leadership team consists of specialists with
long-standing management and investor experience who coach
bio-entrepreneurs through the development stages of their projects.
Biocapital’s mission is to generate substantial financial and societal
About Mirae Asset Capital
Mirae Asset Capital Co,Ltd. provides financial investment, management,
and consultancy services. The company was founded in 1997 and is
headquartered in Seoul, South Korea. Mirae Asset Capital Co,Ltd.
operates as a subsidiary of Mirae Asset Financial Group. Originating
from Asia, Mirae Asset was founded in 1997 in the wake of the Asian
currency crisis. Today, Mirae Asset encompasses the global capability to
deliver our best ideas to investors around the world via on-the-ground
presence in 12 countries across 5 continents. Our goal is to provide our
clients with insightful financial strategies and consistent performance
through our diversified product offering.
About CapDecisif Management
Building Game Changers. Together.
CapDecisif Management is an independent Venture Capital firm investing
in early-stage companies, mainly in the digital and healthcare sectors.
Since its inception in 2001, CapDecisif Management has backed over 80
companies with strong growth in France and globally, while generating
consistent returns for its investors. As a trusted partner, CapDecisif
Management’s team is valued by entrepreneurs for its complementary
skills and business network.
For more information, visit www.cap-decisif.com
About ACT017, the Therapeutic Candidate
Acticor is developing ACT017, a humanized Antibody Fragment (Fab). The
therapeutic candidate is directed against a novel target of major
interest, platelet glycoprotein VI (GPVI), and inhibits its action.
Evidence of antithrombotic efficacy of ACT017 and safety of inhibition
of GPVI have been established both ex vivo and in vivo.
The target is involved in the growth of the thrombus, but not in
physiological haemostasis. This limits the bleeding risk associated with
About Acticor Biotech
Acticor Biotech is a clinical stage biotechnology company, spin-off of
INSERM, dedicated to developing an innovative treatment in the therapy
of acute thrombotic diseases, including ischemic stroke and pulmonary
embolism. Acticor Biotech is built upon the expertise and the results of
researches conducted by, the founders: Dr. Martine Jandrot-Perrus at
INSERM Paris and Pr. Philippe Billiald at Paris-Sud University.
more information, go to: https://acticor-biotech.com/