Kiadis Pharma Raises EUR 10 Million in Financing Round

This round was led by the Company's largest shareholder LSP (Life Sciences Partners) and supported by a large investment from DFJ-Esprit. Other investors included Alta Partners, Quest for Growth and NOM. The financing will enable Kiadis Pharma to perform a confirmatory multi-center Phase II proof-of-concept study with its lead product ATIRT, and to prepare a pivotal Phase II/III study.

Manfred Ruediger, PhD, CEO of Kiadis Pharma, commented: "We are delighted with the enthusiastic support from existing and new investors, which attests to the exciting clinical data generated for ATIRT so far and to the progress the Company has achieved over the last year. We are determined to advance ATIRT in close cooperation with our clinical investigators in North America and Europe."