Finance Watch: iTeos, Pandion And Aspen Show COVID-19 Hasn’t Slowed VC Deals Yet

 
• By Mandy Jackson
  
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Aspen Neuroscience, Pandion and iTeos raised $70m, $80m and $125m, respectively. Also, Glide Healthcare closed a €416m ($450m) fund; ElevateBio, Kallyope and SutroVax reveal VC mega-rounds; and Dragonfly adds new funding to its partnering proceeds. 

Finance Watch

Stock market volatility due to business interruptions caused by the novel coronavirus has brought most fundraising by public companies to a halt, but so far COVID-19 hasn’t slowed the flow of venture capital investment in biopharmaceutical companies with significant funding flowing to the industry, including financings announced on 1 April by iTeos Therapeutics SA, Pandion Therapeutics Inc. and Aspen Neuroscience.

Biotechnology stocks have performed better than broader stock indices since the COVID-19 pandemic forced companies globally across all industries to...

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