Lithera, a US-based drugs company for abdominal swelling, has raised $20.6m from a consortium including South Korea-based cosmetics maker AmorePacific and clinical trial information and logistics services provider Numoda’s corporate venturing units.
The round might increase to $35.6m if performance targets are met.
The deal is AmorePacific Ventures’ first public investment since being formally set up in July last year. Alongside it and corporate venturing peer Numoda Capital Innovations were venture capital firms Domain Associates and Alta Partners and RusnanoMedInvest…
