Topas Therapeutics, which is exploiting University of Hamburg research, has pocketed $26m in its series B round.
Topas Therapeutics, a Germany-based developer of treatments for autoimmune diseases based on research at University of Hamburg, closed a €22m ($26m) series B round yesterday co-led by Vesalius BioCapital III and BioMedPartners.
All existing shareholders – EMBL Ventures, the investment arm of European Molecular Biology Laboratory, commercialisation firm Epidarex Capital, drug discovery company Evotec, pharmaceutical firm Boehringer Ingelheim’s Venture Fund and Gimv – participated.
Founded in 2003, Topas Therapeutics is working on therapies for autoimmune diseases. Its lead…