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Cardio3 BioSciences Raises EUR13.7 Million in Series B Fundraising and Grant Funding
Date:1/19/2009

am Wijns, co-Director of the Cardiovascular Center Aalst, and Prof. Michal Tendera of the Silesian Heart Centre, Katowice, a past president of the European Society of Cardiology.

Dr. Desire Collen, Chairman and CEO of Life Science Research Partners, VZW said, "The investment that we have made in Cardio3 BioSciences reflects our desire to support companies with cutting edge technologies that have the potential to transform medical practice. Cardio3 BioSciences's experienced management team along with the proprietary technology from Mayo Clinic offers the appropriate mix of scientific, industrial and commercial expertise to bring this novel treatment for heart failure to patients. The active participation of a number of world leading cardiologists in the clinical development of C-Cure highlights the need for such an improved treatment for heart failure and was an important factor in our decision to invest."

Mr Peter Wilhelm, Managing Director of Wilhelm & co., a returning investor which has participated in all Cardio3 BioSciences financing rounds said: "As a non-biotech specialist investor, the decision of my group to invest in Cardio3 BioSciences since its inception was based on the assessment of the people driving the Company. We were not mistaken about their quality. The collaboration between Cardio3 Biosciences, the Department of Cardiology of the hospital in Aalst and Mayo Clinic has allowed for considerable advances in the treatment of heart failure."

Ms Marie Dominique Simonet, Vice-President and Minister of Higher Education, Scientific Research and International Relations of the Wallon Region commented, "The Walloon Region, confident in the prospects of this promising project, has supported the company from the very beginning through cash advances granted by DGO6. Cardio3 BioSciences's successes so far have encouraged us to continue support for this project but also to other innovative comp
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SOURCE Cardio3 BioSciences
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