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Cytovation raises USD20 million in Series A round led by Sandwater and Canica

Cytovation AS, a clinical stage immune-oncology company has closed its Series A financing round, raising a total of NOK180 million (USD20 million).

The Series A round was led by Sandwater, a Norwegian venture capital firm that invests in groundbreaking companies across a range of industries including life sciences, and Canica, a large, privately owned investment company operating out of Norway and Switzerland focused on building highly innovative companies that aim to create value for investors and society as a whole.

The new funds will primarily be directed towards clinical development of Cytovation’s lead asset CyPep-1, a proprietary first-in-class targeted tumor membrane immunotherapy engineered to selectively target cancer cells. 

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