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Noema Pharma: Raises CHF54M in Series A Financing | Fintech InShorts: Latest fintech news, analysis by experts

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Noema Pharma: Raises CHF54M in Series A Financing

By Steve Sam

December 21, 2020

Noema Pharma AG, a Basel, Switzerland-based clinical-stage company targeting orphan neurological disorders, raised a Series A financing round, raising CHF54m ($59m USD)
The round co-led by Sofinnova Partners and Polaris Partners with participation from new international investors Gilde Healthcare, Invus, and BioMed Partners
The company also intends to use the funds to further develop its clinical-stage pipeline
The product candidates will also develop in neurological indications with severe unmet need
Noema Pharma is a company targeting orphan neurological disorders characterized by imbalanced neuronal networks
The company developing four mid-clinical-stage therapeutic products in-licensed from Roche and with strong safety packages