Separately, Joel Krikston left JJDC last month to become president of RedLine Advisors.

Private equity firm Welsh Carson Anderson & Stowe acquired GetWellNetwork at the start of the year.

Alongside Robert Bosch Venture Capital (RBVC) and Ascension Health Ventures (AHV) in the round were venture capital firms Springfield Investments and MVM Life Science Partners.

In January last year, Targovax raised just short of 13 NOK ($2.2m) from venture capital firm Birk Venture, RO Invest and the Norwegian Radium Hospital's research foundation.

Biopharmaceutical firm Okairos is acquired by GlaxoSmithKline for $325m.