Atlantic Therapeutics recently gained FDA clearance for INNOVO, and so the new round will enable it to enter the US and markets, as well as further develop its existing product portfolio, and expand into new clinical applications.
The Series B round was led by LSP, one of Europe’s largest healthcare investment firms, with participation from Andera Partners, Atlantic Bridge Ventures, and existing investors, Seroba Life Sciences and Earlybird Venture Capital.
“INNOVO has already transformed the lives of many thousands of people in Europe,” said Steve Atkinson, CEO of Atlantic Therapeutics. “We are delighted to have completed our Series B financing with such renowned investors and look forward to working together to accelerate the growth and value of Atlantic Therapeutics.”
“Atlantic Therapeutics’ INNOVO provides a safe, clinically proven front-line therapy, increasing the options for the treatment of stress urinary incontinence, with the potential to significantly improve quality of life,” added Anne Portwich, Partner at LSP. “We are delighted to offer our financial, clinical and commercial support in helping this exciting company grow around the globe.”