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Second GSK Neuro Spin-Out Targets Hearing Loss, Attracts Up To £10m

This article was originally published in The Pink Sheet Daily

Executive Summary

SV Life Sciences and Imperial Innovations pledge up to £10 million for GSK spin-out Autifony, the second to emerge from unwanted neurosciences R&D.

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Shrinking Funding Rounds For European Biotechs Are No Surprise, But Series A Rounds Look Healthy, If Few

Nearly half (48%) of the 27 fundraisings by private European biotech companies so far this year have been for sums totaling $10 million or less, according to Elsevier's "Strategic Transactions" database. That's a significant increase over the same period in 2010, when less than 30% of financings were sub-$10 million.

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