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Tencent Co-Leads $67 Million Financing for UK's Microbiotica

publication date: Mar 8, 2022

Microbiotica, a UK microbiome drug company, completed a $67 million B Financing co-led by China's Tencent and Flerie Invest, a Swedish life science investor. Although Tencent is primarily an internet company, it also delivers healthcare in China through its portal WeDoctor and has shown interest in novel drug technologies. Microbiotica will use the proceeds to conduct Phase Ib trials of its two lead oral Live Bacterial Therapeutics. MB097 is a predictive test of a patient's response to immune checkpoint drugs, and MB310 is aimed at treating ulcerative colitis via a fecal transplant. More details....

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