Success Story: Atlantic Healthcare closes $24 million financing

Some good news came in over the weekend in a press release from Atlantic Healthcare. It’s encouraging to see our Pharmaceutical companies flourishing alongside their arguably more trendy tech counterparts.

We raised circa £350,000 for Atlantic Healthcare as part of their seed round. It’s taken a few years, but that’s nearly always the way with pharmaceuticals; and now they’ve just closed a $24 million round with funds coming from the founders of Salix Pharmaceuticals, Inc.; Fullbrook Thorpe Investments LLP (the family investment arm of Andy Leaver, founder of Clinigen Group plc); and LDC (the private equity division of Lloyds Banking Group plc); alongside their existing investors.

This round will allow them to complete the pivotal Phase 3 of their product development and will make alicaforsen market-ready for the treatment of IBD pouchitis which currently has no approved treatments.

Author: Oliver Jones

Head of Marketing at Angel Investment Network - helping startup businesses succeed by connecting them with angel investors. Now with over 1 million users. Likes meditation, magic cards and helping + investing in startups...

3 thoughts on “Success Story: Atlantic Healthcare closes $24 million financing”

  1. Hi,

    I have invented a health/comfort product and am looking for the right company to help make it a reality! I am sure millions of people across the globe will purchase it from a comfort station in all airports. The product has been patented and is waiting on approvals and marketing teams to take ahold of it.
    I am looking for an investor to help put this product to market?

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