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Antibody Engineering Company f-star Raises EUR 3.0 Million in a Second Closing of its Series A Financing Round From Novo A/S
Date:11/28/2007

g cash and commitments, the additional funds raised in this round will allow f-star to further speed up the development of its unique Modular Antibody Technology platform and to devote additional resources to the development of its proprietary product portfolio as well as industry collaborations.

About f-star

f-star is an antibody engineering company based in Vienna, Austria. The company develops improved therapeutic antibodies and antibody fragments based on its Modular Antibody Technology, which allows the introduction of additional binding sites into antibodies and antibody fragments by engineering the non-CDR loops of constant or variable domains. Using Modular Antibody Technology allows for the creation of antibody fragments with antibody functionality and long half-life but much smaller size (Fcab(TM)) or full antibodies with additional functionality (mAb squared).

The company was founded by a team of experienced antibody engineering and biotech executives. Seed-financed by Austrian government agencies and Atlas Venture in 2006, the company recently closed a Series A financing round co-led by Aescap Venture and Atlas Venture and has raised EUR 13.0m so far. f-star has 17 employees at its research site in Vienna, Austria.

For more information, visit http://www.f-star.com

About Novo A/S

Novo A/S is the holding company of the Novo Group, and is wholly owned by the Novo Nordisk Foundation. Novo A/S was established in 1999 to manage the assets of the Foundation and actively make investments on behalf of the Foundation. Novo A/S is not a corporate strategic fund; Novo A/S invests for financial rather than strategic returns and is recognized as a significant force within life science venture capital. Novo A/S is active in both Europe and North America. The Novo A/S venture investments are managed by a team of six Partners in Copenhagen, one in London and two in San Francisco.
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SOURCE f-star Biotechnologische Forschungs- und Entwicklungs-GmbH
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