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Astellas Pharma GmbH Ridlerstraße 57 80339 München, Germany http://www.astellas.de
Contact Mr Dr. Rainer Wessel +49 6131 1440100
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Astellas Pharma GmbH

GANYMED closes EUR 65 M Financing Round

(PresseBox) (Mainz, )
GANYMED Pharmaceuticals AG today announced the closing of a EUR 65 M financing round. The round was led by ATS Beteiligungsverwaltung GmbH, Munich, which was joined in the financing by Future Capital AG in Frankfurt, MIG Verwaltungs AG in Munich and private investors.

This funding provides GANYMED with adequate means to rapidly develop its broad antibody pipeline directed against solid tumors. Clinical trials for the monoclonal antibody Claudiximab (iMAB362) against metastatic gastro-esophageal carcinoma will commence with a multicentre Phase Ib study in Germany in Q4 2008. A further five antibody projects are in preclinical development for breast, colorectal, lung, pancreatic ymr izkamlpu yihjcjj.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.