Pestalozzi advises The European Investment Bank on a EUR 20 million financing agreement with BioVersys
On April 14, 2021, the European Investment Bank (EIB), the lending arm of the European Union, and BioVersys AG, a privately-owned clinical-stage pharmaceutical company developing treatments for multidrug-resistant bacterial infections, announced the signing of a EUR 20 million venture debt transaction. The financing supports the company’s research and development of a diverse pipeline of drugs that address antimicrobial resistance (AMR). AMR causes the majority of antimicrobial therapies to become obsolete. Due to its potential to trigger a new bacterial pandemic, AMR has been widely recognised as the top priority health threat by the WHO, G7 and G20.
Pestalozzi advised EIB on all Swiss law aspects of this transaction.