Evox Therapeutics Completes $95.4 Million Series C Financing to Support Advancement of Company’s Exosome-Based Therapeutics Pipeline and Its World-Leading Exosome Platform

On February 18, 2021, Evox Therapeutics Ltd, a leading exosome therapeutics company, announced that it has raised $95.4 million in a Series C financing round. The financing was significantly oversubscribed with high demand from both existing and new investors. The Series C financing was led by Redmile Group, which was joined by new investors OrbiMed and Invus. In addition to Redmile, all existing Series B investors reinvested, including major investors Oxford Sciences Innovation (OSI), GV (formerly Google Ventures), and Cowen Healthcare Investments. Eli Lilly, also converted a $10 million convertible note, that formed part of Evox’s 2020 collaboration agreement with them, into equity as part of this round. Proceeds from this financing will support the advancement of Evox’s exosome-based therapeutics pipeline, including progression of several rare disease assets into the clinic, and continued development of its world-leading DeliverEXTM exosome drug platform. In connection with the financing, Evox will appoint Chau Khuong, partner at OrbiMed, to its Board of Directors. Antonin de Fougerolles, PhD, Chief Executive Officer of Evox, commented: “We are delighted with the support received in this Series C financing from both our existing investors and our new investors. The level of interest in this financing round is testament to the progress we have made over the last few years. Since our Series B round in 2018, we have continued to develop our DeliverEXTM platform, advance our pipeline of exosome therapeutics, expand our intellectual property portfolio, build our R&D capabilities, and bolster our management team. We have also signed significant partnership deals with Eli Lilly and Takeda, two of the world’s leading pharma companies.
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