Pevion Biotech Ltd. Closes Series A Financing

BERN, Germany, August 10, 2007 – Pevion Biotech today announced the closing of a CHF 35 million (about EUR 22 million) Series A private financing round. The round was led by the new investor BZ Bank Aktiengesellschaft. New investors joining the Series A also include BB Biotech Ventures II, L.P. and CC Private Equity Partners Ltd. The current investor Bachem Holding AG also participated in this financing round. Pevion Biotech has raised a total of CHF 55 million (about EUR 35 million) to date.