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2 deals

Spinifex to be acquired by Novartis

Australian chronic-pain drug developer Spinifex Pharmaceuticals has agreed to be bought by Novartis for US$200 million upfront plus milestone payments; the piece recalls its 2005, 2008 and 2014 venture rounds.

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Series A $3m

Fibrotech Therapeutics receives investment funding from Brandon Capital Partners, MRCF and Uniseed to develop fibrosis drugs

Fibrotech Therapeutics raised $3 million in Series A backing from Brandon Capital-managed funds MRCF, BBF1 IIF and Uniseed to advance fibrosis drug FT011 through Phase Ib trials.

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