BerGenBio Completes $8.8M Series A Financing

BerGenBio AS, a Bergen, Norway-based oncology biopharma company, has completed an $8.8m Series A financing round.

The round was led by Sarsia Seed AS and Investinor AS.

The funding will be used primarily to take lead compound BGB324 – an inhibitor of AXL kinase – into clinical trials and to develop a companion diagnostic.

Led by CEO Richard Godfrey, BerGenBio is an oncology-based biopharmaceutical company focused on pursuing novel therapeutic treatments for cancer and supporting the screening and identification of a wide array of potential targets in collaboration with other pharmaceutical companies. The company has a proprietary platform technology called CellSelect™, which uses information from RNAi screening studies to identify novel drug targets involved in disease. It has a deep understanding of cancer biology and in particular the tumor micro-environment, EMT and mechanisms of drug resistance.



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