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New Deal


Announced

Completed

EQT Life Sciences and the Forbion Growth Opportunities Fund led a $138m Series A funding round in VectorY.

Financials

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Transaction Value£112m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Netherlands

transformative medicines

Single Bidder

Biotechnology

Private Equity

Cross Border

Completed

Friendly

Acquisition

Minority

Private

Venture Capital

Synopsis

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EQT Life Sciences, a healthcare investor, and the Forbion Growth Opportunities Fund, a clinical-stage biopharmaceutical company, led a $138m Series A funding round in VectorY, a biotech company developing innovative vectorized antibody therapies for the treatment of neurodegenerative diseases, with participation from MRL Ventures Fund, Merck & Co, Rahway, Insight Partners, ALS Investment Fund and BioGeneration Ventures. “The Series A financing, supported by such a strong syndicate of European and US investors, is an endorsement of our pioneering approach, world-class team and commitment to bring much-needed therapies to patients with neurodegenerative diseases. The investment will enable us to advance our lead program VTx-002, a potentially disease-modifying therapy for ALS, into clinical development. Our program is uniquely positioned to address TDP-43 pathology, which underlies the disease in the vast majority of ALS patients. The series A will also support advancement of additional pipeline programs targeting proteinopathies in neurodegenerative diseases demonstrating the broad potential of our platform,” Sander van Deventer, VectorY CEO.

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