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CureVac completes $640m round

Jul 23, 2020 • Robert Lavine

Tübingen's messenger RNA vaccine and drug developer's latest round includes a $171m investment by strategic partner GlaxoSmithKline.

CureVac, a Germany-based RNA therapy spinout of Eberhard Karls University of Tübingen, closed a $640m financing round on Tuesday that included $171m from pharmaceutical firm GlaxoSmithKline, which signed a strategic partnership with it this week.
The round includes $343m in the form of the funding commitment made by German development bank KfW last month and $126m in additional funding from investors including sovereign wealth fund Qatar Investment Authority.
CureVac is developing therapeutics designed to leverage mRNA…

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