Novadip secures €10.4m convertible financing for Phase 3
New Science Ventures led the financing to advance NVD-003 and prepare a US Biologics License Application.
Fund+, VIVES Fund, ORSA Tech, Invest.BW, Noshaq, Sambrinvest and Wallonie Entreprendre also participated.
The capital will support NVD-003 through its pivotal Phase 3 trial for congenital pseudarthrosis of the tibia and preparation of a US regulatory submission.
Use of funds
Advance NVD003 through its pivotal Phase 3 trial and prepare the US Biologics License Application