07.01.2015 08:56
Swiss biotech Genkyotex has raised CHF20 million ($21 million) in a venture financing. The funding, led by NeoMed Management, will help advance its lead product GKT137831 through clinical phase 2 as well as advance other NOX inhibitors through development. While in this strong financial position, Genkyotex is considering an IPO later in 2015, if the markets remain open for biotech.