Brussels, Belgium, November 30, 2012 –
Euroscreen, a drug development company focused on the development of novel GPCR drug concepts including next generation sex hormone control in woman’s health announced today that it has completed a €10 million Series A preferred stock financing led by
Vesalius Biocapital II Partners and SRIW (Société Régionale d’Investissement de Wallonie SA).
The proceeds of the round will mainly be used to develop its main advanced product ESN364 for the treatment of endometriosis, a disease that affects 6-10% of women in childbearing age.
"We have been delighted to work with
Vesalius and SRIW, and other new shareholders as
LSRP (Life Sciences Research Partners VZW); SPDG (Société de Participation et de Gestion SA) and
Hunza Ventures, in addition to our existing shareholders, to maximize Euroscreen’s potential to advance our lead program, ESN364 into clinical development.
Jean Combalbert, Euroscreen's CEO said "We thank those existing shareholders participating in this new financing round which included
Fortis Private Equity,
Compagnie du Bois Sauvage SA,
Ackermans & Van Haaren NV, our university-based shareholders and some of our individual faithful shareholders”.