McDermott advises on €19m Series B financing for Horama’s investors
PARIS (20 November 2017) – McDermott Will & Emery has advised investors in Horama, the French biotech company based in Paris and Nantes, that specializes in gene therapy for the treatment of rare, inherited retinal diseases, on a €19 million Series B financing from four new investment funds (Kurma Partners, the lead investor; Fund+; Pontifax; and Idinvest) and from the company’s historical investors (Omnes Capital; GO Capital; and Sham Innovation Santé/Turenne).
The fundraising has enabled the financing of the development of Horama’s HORA-PDE6B project, including the recently-authorized start of its clinical phase.
This financing round follows the €4 million raised in July 2016 (the Series A financing).
Horama has developed a diversified portfolio drawing on its gene-therapy platform, whose two main programs have orphan-drug status: HORA-PDE6B (retinitis pigmentosa), which will soon be administered to the first-ever patient in a Phase I/II clinical trial; and HORA-RLPB1 (RPA or Retinitis Punctata Albescens), which is at a nonclinical stage.
HORA-PDE6B is a drug candidate for the treatment of retinitis pigmentosa caused by mutations in the PDE6B gene. This replacement gene therapy provides a non-mutated copy of the PDE6B gene to express a functional PDE6β protein. There is currently no approved treatment for retinitis pigmentosa.
The McDermott Will & Emery team was led by partner Anthony Paronneau, supported by associates Laetitia de Dinechin and Tess Souquet-Basiege.
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