Adverum Biotech raises $127.5M for gene therapy.

Adverum Biotechnologies is conducting a private placement to raise $127.5 million, which will be used to invest in their clinical-stage gene therapy programs. Novo Holdings, a holding and investment company, and Novo Nordisk are acquiring three fill-finish sites for $11 billion. This comes as a part of Novo Holdings' acquisition of contract drugmaker Catalent. These deals aim to expand capacity for popular weight-loss drug Wegovy and increase Novo Nordisk's filling capacity from 2026 onwards.

February 05, 2024
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