Swiss biotech firm Rejuveron Life Sciences AG has attracted backing from sovereign fund Mubadala Investment Co. to help bankroll its development of drugs targeting the effects of aging, people familiar with the matter said.
Rejuveron has raised about $75 million from a series B funding round and convertible loan deal, the people said. Investors in the fundraising include Catalio Capital Management, the life sciences-focused firm backed by hedge fund billionaires Stan Druckenmiller and Alan Howard, the people said.
Rejuveron is developing therapies to prevent or reverse diseases of aging and extend people’s lifespans. It’s running clinical trials for treatments targeting retinitis pigmentosa, a group of rare eye diseases that cause progressive vision loss, as well as sarcopenia, a condition that causes muscle loss as a person gets older.
“The MENA region has already seen several major announcements to propel longevity research and development,” Rejuveron said in response to Bloomberg queries. “We believe that taking our place in this thriving ecosystem will help our development goals and invigorate healthcare delivery that is much needed to advance the cause of preventative medicine.”
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