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ReNeuron Raises £68.4m in Funding Round

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Clinical stage stem cell specialist ReNeuron has announced it has raised £68.4m in what it claims is the largest funding round undertaken in the cell therapy sector globally this year.

The firm, which is relocating from Guildford to South Wales this year, is hoping to use the latest funding round to drive its programmes through to market authorisation application stage.

It has also announced a pre-tax loss for the year of £10.3m but said most of the losses were atrributable to research and development costs, along with general and administrative costs.

SOURCE: lifescienceshubwales.com