Bird & Bird advises HSS on SciRhom’s EUR 63 million Series A financing round

Contacts

michael gassner module
Michael Gaßner

Senior Counsel
Germany

I work as a Senior Counsel in our Munich corporate team, advising German and international clients on issues in corporate and commercial law, with a particular focus on technology and communications and life sciences.

stefan muench module
Stefan Münch

Partner
Germany

I am a partner in our Corporate and M&A team in Munich and a member of our Tech & Comms and Life Sciences & Healthcare Sector Groups, offering our clients in-depth experience in all facets of corporate law (transactional and non-transactional), alongside a deep understanding of their sector and business. Beside my legal advice, I am a member of the management of the German offices.

International law firm Bird & Bird has advised New York Society for the Relief of the Ruptured and Crippled, maintaining the Hospital for Special Surgery (HSS) on EUR 63 million Series A financing round of SciRhom GmbH.

HSS is the world’s leading academic medical centre specialising in Rheumatology and musculoskeletal health and one of the co-founders of SciRhom GmbH. 

The upsized and oversubscribed Series A financing round will be used to drive the lead development program toward clinical proof-of-concept and to broaden the therapeutic value of the proprietary iRhom2 strategy. In addition, the new funds will accelerate and broaden the impact of SciRhom’s innovative therapeutic strategy in autoimmune disorders.

SciRhom is a biopharmaceutical company pioneering the development of first-in-class therapeutic iRhom2 antibodies. Its mission is to provide a new treatment paradigm for autoimmune diseases and potentially other indications by selectively addressing TACE/ADAM17, a master switch for various autoimmune disease-relevant signalling pathways, via iRhom2.

HSS was advised by the following Bird & Bird lawyers: Counsel Michael Gaßner (lead) and partner Stefan Münch (both Corporate, Munich).

 

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