Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


Revotar closes 5.3 million EUR Series A financing round


Press release

HENNIGSDORF/BERLIN, GERMANY, Monday, September 22, 2008 – Revotar Biopharmaceuticals AG today announced the successful closing of its Series A financing round of 5.3 million EUR. Initially, the new investor IBG Risikokapitalfond I, which is managed by Goodvent Beteiligungsmanagement GmbH & Co KG, was joined by Deutsche Life Sciences GmbH and MVC Unternehmensbeteiligungsgesellschaft mbH. In a second closing, BFB BeteiligungsFonds Brandenburg GmbH came in as new investor and was joined by bmp AG. Dr Beate Bettecken will join the Supervisory Board on behalf of IBG. The investor syndicate is committed to invest up to an additional 3 million EUR based on certain preconditions to be met. Revotar managed to raise more than 8 million EUR since August 2007.

“We are proud to have convinced two more experienced VCs to invest in Revotar and its promising pipeline, which is also validated by an undisclosed pharma partner in the US”, said Dr Horst Witzel, Vice-Chairman of Revotar´s Supervisory Board and former CEO of Schering AG.

“The funds will be used to advance the further clinical development of our lead candidate Bimosiamose in larger phase II studies and to accelerate the preclinical development of other projects. Furthermore, we may further increase the current Series A based on existing authorized capital”, added Dr Martin Pöhlchen, CEO of Revotar.

Revotar will present during the Biotech Investor Forum conference in Zurich on September 23, 2008.

About Revotar Biopharmaceutical AG

Revotar develops innovative drugs for inflammatory indications such as psoriasis, chronic obstructive pulmonary disease (COPD) and acute lung injury (ALI). Its lead candidate Bimosiamose has already passed several clinical phase I and phase IIa trials in asthma, COPD and psoriasis with a good safety and efficacy profile in nearly 200 patients and volunteers. In summer 2006, Revotar announced a Start-Up Development Agreement with a US Pharma company for the further development of Bimosiamose in one major disease area.

About Goodvent Beteiligungsmanagement GmbH & Co KG, Magdeburg

Goodvent Beteiligungsmanagement GmbH Co. KG was established in 2007 and is directed by CEO Dr. von der Osten. Operationally, it is fully responsible for all existing and future investments of IBG Beteiligungsgesellschaft mbH. IBG funds are invested in early stage high-tech companies in the fields of biotechnology, nanotechnology, advanced mechanical engineering and environmental technologies, and that are located in the State of Saxony-Anhalt and adjacent regions. The Portfolio comprises approximately 70 investments with an invested volume of 200 million EURO. Further information is available at www.goodvent.net

About BC Brandenburg Capital GmbH, Potsdam

BC Brandenburg Capital GmbH operates as a management and holding company for 5 funds, with a total volume of 140 million EURO. The fund BFB BeteiligungsFonds Brandenburg GmbH invested in Revotar is focused on small and medium sized Life Science, Nanotechnology, ICT and Microelectronics companies located in Brandenburg. Further information is available at www.bc-capital.de.

Contact Address:

Dr Martin Pöhlchen, CEO
Revotar Biopharmaceuticals AG
Neuendorfstr. 24a
D-16761 Hennigsdorf / Germany

Phone: +49-3302-2025010
Fax: +49-3302-2025030
E-mail: info@revotar-ag.de
www.revotar.de


Publisher Contact Information:

REVOTAR Biopharmaceuticals
+49-3302-2025010
info@revotar-ag.de

Company profile of REVOTAR Biopharmaceuticals
Past press releases of REVOTAR Biopharmaceuticals.

Data


25,720
Tech investments
From our Online Data Service
16,652
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
May 17€4.0MBiopharmaceuticals
May 16€15.0MPayment software
May 16€4.0MInternet services
May 16€80.0MConsumer electronics
May 16€6.3MImaging
May 16€13.0MInternet services
May 16€34.5MBiotechnology

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


Apr 29
Nethone
nethone raised over $1 million from innovation nest

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises £1m in seed funding to build tech-enabled home ...

Aug 17
Komed Health
komed health closes seed financing round





About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.