Nuevocor bags $58m in Series B round

It will use the funds for cardiomyopathy therapy development.

Singapore-headquartered IND-stage biotechnology company Nuevocor raised $58m (US$45m) in its Series B funding.

Kurma Partners and Angelini Ventures co-led the funding round. EDBI, ClavystBio, Boehringer Ingelheim Venture Fund, Highlight Capital, and SEEDS Capital also participated.

The new investment will support the Phase 1/2 clinical trial of NVC-001 in patients with LMNA-related dilated cardiomyopathy (LMNA DCM), a genetic heart condition causing weakening and enlargement of the heart muscle.

Nuevocor will conduct the trial at clinical sites across the US and Europe.

Meanwhile, the company announced plans to establish an office in Paris, France, to support clinical development and bring Singapore innovation to patients globally.

It also welcomed Amanda Gett-Chaperot, PhD, from Kurma Partners, and Elia Stupka, PhD, from Angelini Ventures, to its board of directors.

($1 = US$0.77)

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