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AbbVie Pays Capsida $70M to Expand Gene Therapy Alliance to Eye Diseases

AbbVie and Capsida Therapeutics are expanding their gene therapy R&D alliance to the eyes. Capsida is in line to receive $70 million now and up to $595 million later, depending on the progress of the eye programs. ....

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Muna Therapeutics Raises $73 Million to Advance Neurodegenerative Disease Focus

Published: Jul 09, 2021
By Brandon May
Muna Therapeutics, a private Denmark- and Belgium-based biopharmaceutical company founded in 2020,
officially closed a $73 million Series A financing round. The company launches with the new funding to advance its focus on first-in-class small molecule therapies for neurodegenerative diseases.
The Series A financing was led by Novo Holdings in conjunction with Sofinnova Partners, DROIA Ventures and LSP Dementia Fund. Additional investors who joined the financing round included Polaris Partners, Polaris Innovation Fund, Sanofi Ventures, V-Bio Ventures and VIB.
Muna’s primary focus neurodegenerative diseases lead to disability and death of millions of people worldwide. There are currently no curative therapies available for many neurodegenerative conditions, a problem Muna hopes to address. ....

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Gene therapy funding frenzy reaches Affinia as it reels in $110M in new capital

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