UCL spinout Promethera Biosciences has increased its series D round to $44.4m with a $33.1m Mitsui and Medipal-backed extension, adding to Itochu’s initial investment earlier this year.

Promethera Biosciences, a Belgium-based liver disease therapy spinout of Université catholique de Louvain, closed its series D round at €39.7m ($44.4m) yesterday following a $33.1m extension that included corporates Mitsui and Medipal Holdings. Diversified conglomerate Mitsui and medical supplies producer Medipal Holdings were joined in the second tranche by financial services firm Mirae Asset Capital,…

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