Daily deal net: April 23, 2020

Apr 23, 2020 • Callum Cyrus

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

University venture fund University of Tokyo Edge Capital (Utec) has co-led a $7.5m round for India-based biopharmaceutical business Bugworks Research, the Economic Times reported today. Venture firm Global Brain co-led the round, which also featured healthcare investment company Acquipharma. Founded in 2014, Bugworks Research hopes to commercialise new antibiotics to treat bacterial infections and lessen the impact of anti-microbial resistance to existing drugs. The company’s pipeline focuses on a gyrase-topoisomerase inhibitor currently undergoing phase 1 studies in an intravenous form,…

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