Lumavita AG, the Swiss biopharmaceutical company specializing in novel anti-infectives for Women's Health, has raised CHF6m (€4m) in an extension to the Series A round the company initiated in September 2008. The total raised in this financing round is CHF24m.

The new funds have been raised from new investor HealthCap and existing investor, Endeavour Vision. Both Magnus Persson of HealthCap and Olivier Valdenaire from Endeavour Vision will join Lumavita's Board of Directors.

In March, Lumavita received preliminary marketing approval in Switzerland for its first product, FemiFect (pentamycin), for the treatment of all three causes of vaginitis. The funds raised will be used to build Lumavita's commercial partnering network for Femifect in anticipation of its submission and launch in more than 100 countries around the world beginning this year, and to finance two on-going development projects.

Dr Magnus Persson, partner at HealthCap, said, "Lumavita is uniquely positioned as a European biopharmaceutical company in that it is close to launching its first product, has a compelling pipeline focussed on Women's Health and a world-class management team. HealthCap has followed the projects for some time and is delighted now to invest in Lumavita and to take an active part in its future success."

Nicholas Benedict, CEO of Lumavita, said, "We have a very strong group of investors and will undoubtedly benefit from their input and support in growing our company. Our priorities are to gain FemiFect marketing approvals and launch the product in our target markets, alongside completing the development of both the high-dose formulation of FemiFect and of LMV-601, an anti-viral currently under evaluation for the treatment of cervical HPV."

Lumavita AG is a biopharmaceutical company focusing on novel anti-infectives for women's health.