Mironid, a University of Glasgow spin-off, closed a €39.9 million Series B financing on 5 August 2026. The round was led by the Scottish National Investment Bank with participation from Roche Venture Fund and Epidarex Capital.
Mironid announced the completion of a €39.9 million ($46 million) Series B funding round on 5 August 2026, a development reported by industry outlets on 7 and 8 August 2026 [1][2]. The biopharmaceutical company is headquartered in Glasgow, United Kingdom, and originated as a spin-off from the University of Glasgow’s research programme [1]. The financing is intended to support the pre-clinical and clinical development of a therapeutic candidate for autosomal dominant polycystic kidney disease (ADPKD), a rare and progressive kidney disorder [2].
The lead investor in the round was the Scottish National Investment Bank, which contributed a significant portion of the capital [2]. Additional investors included Roche Venture Fund and Epidarex Capital, both of which participated alongside the lead investor [2]. The Series B round follows Mironid’s earlier seed and Series A financings that established the company’s platform for targeting rare kidney diseases [3].
Funding Structure and Investor Participation
The €39.9 million Series B round was structured as an equity financing, with the Scottish National Investment Bank acting as the lead syndicate manager [2]. Roche Venture Fund contributed a minority stake, leveraging its global experience in biotech investments to support Mironid’s therapeutic pipeline [2]. Epidarex Capital, a UK-focused venture firm, also took part in the round, adding strategic expertise in life-science commercialization [2]. The round was closed on 5 August 2026 after a due-diligence process that evaluated Mironid’s pre-clinical data, intellectual property portfolio, and regulatory strategy [1][3].
Mironid’s capital raise brings its total funding to approximately €70 million since its founding in 2015 [3]. The Series B proceeds are earmarked for advancing the ADPKD drug candidate through IND-enabling studies, expanding manufacturing capabilities, and initiating Phase I clinical trials in the United Kingdom and Europe [2][3]. The company also plans to allocate resources toward recruiting additional scientific and regulatory personnel to accelerate the development timeline [3].
The company also plans to allocate resources toward recruiting additional scientific and regulatory personnel to accelerate the development timeline [3].
Development Plan for ADPKD Therapy
Glasgow-Based Mironid Secures €39.9 Million Series B to Advance Rare Kidney Disease Therapy
Mironid’s therapeutic program targets the molecular pathways that drive cyst formation in ADPKD, a disease affecting an estimated 12 million people worldwide [2]. The Series B funding will finance pre-clinical toxicology studies required for an Investigational New Drug (IND) application with the UK Medicines and Healthcare products Regulatory Agency (MHRA) [2][3]. Upon IND clearance, Mironid intends to commence a Phase I safety trial in healthy volunteers, followed by a Phase II efficacy study in patients with early-stage ADPKD [2].
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The company’s research platform leverages proprietary small-molecule inhibitors identified through high-throughput screening at the University of Glasgow’s biomedical research facilities [1]. Intellectual property protection for the lead compound has been secured through patents filed in the United Kingdom, the European Union, and the United States [4]. The infusion of Series B capital is expected to reduce the projected development timeline by up to twelve months, according to the company’s internal milestones [3].
Impact on Education and Healthcare Stakeholders
The infusion of €39.9 million into Mironid’s pipeline creates immediate opportunities for students and researchers in biomedical science programmes at the University of Glasgow and other UK institutions [2]. Laboratory collaborations and internship placements are expected to expand as the company scales its research and development activities [2]. For educators, the funding underscores the viability of university spin-offs as pathways for translating academic research into commercial therapeutics [4].
Healthcare providers may anticipate earlier access to a targeted ADPKD treatment pending successful clinical outcomes [2]. The funding also contributes to the broader UK biotechnology sector, supporting job creation in high-skill roles and reinforcing Glasgow’s position as a hub for life-science innovation [4]. Patients with ADPKD and advocacy groups are likely to monitor Mironid’s progress closely, given the unmet medical need for disease-modifying therapies [2].
Key Facts
What: Mironid closed a €39.9 million Series B financing to develop a rare kidney disease treatment.
Healthcare providers may anticipate earlier access to a targeted ADPKD treatment pending successful clinical outcomes [2].
When: Funding round closed on 5 August 2026; reported on 7-8 August 2026.
Impact: Accelerates ADPKD drug development, creates research opportunities, and supports UK biotech growth.
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