BioCentury
ARTICLE | Finance

The audiophiles

VCs peg audiology as an emerging market as Auris raises $50.7M series C

April 22, 2013 7:00 AM UTC

Sofinnova Partners and Sofinnova Ventures think audiology is the next ophthalmology - a former backwater that has become an investable space.

Last week, the VCs came in as new investors in a CHF47.1 million ($50.7 million) series C round for Auris Medical AG, which is developing therapeutics for inner ear disorders...