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Finnish hi-tech capital raising activity in 2011
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A culture of fresh thinking Life Sciences Neuroscience

Finnish Start-up Emerges Post Merck/Schering-Plough Merger

September 22, 2011

Merck & Co Inc. (MRK) out-licensed a portfolio of gene therapy products into a new Finnish company, FKD Therapies OY, which was co-founded by Nigel Parker, former CEO of UK gene therapy specialist firmArk Therapeutics plc.

Since its formation in February, FKD has raised $16 million in private funding underwritten by German firm Wolbern Invest, with backing from Finland’s public funding agency for technology and innovation, TEKES.

Read more: http://seekingalpha.com

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