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Archimedes raises £65mm from new and existing investors

Executive Summary

Archimedes Pharma (therapeutics for cancer, pain, and neurology) raised £65mm ($100mm) through its latest financing round. New investor Novo Growth Equity (managed by Novo AS) participated, along with Archimedes' major returning investor Warburg Pincus. Proceeds from the round, which is being called the largest by a private European biopharmaceuticals company in 15 years, will be used to establish operations in the US, and to globally launch Archimedes' PecFent, a fentanyl nasal spray for breakthrough cancer pain.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
    • Drug Delivery
      • Macromolecule
      • Nasal
      • Site Specific
    • Specialty Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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