ARTICLE | Financial News

Pevion raises CHF10 million

September 8, 2010 12:42 AM UTC

Pevion Biotech Ltd. (Ittigen, Switzerland) raised CHF10 million ($9.8 million) in a private round led by existing investor BZ Bank. BB Biotech Ventures and Core Capital Partners, also existing investors, participated. Pevion said it plans to raise an undisclosed amount in an additional financing over the next 12 months. Pevion also hired Evert Kueppers as CEO. Previously, Kueppers was CEO of Pieris AG (Freising-Weihenstephan, Germany). He replaces Thomas Stauffer. ...