Marius Nacht Buys Controlling Stake in Universal Flu Vaccine Developer BiondVax
Based in Jerusalem, Nasdaq-listed BiondVax develops a universal flu vaccine, currently in advanced clinical trials
Marius Nacht, co-founder of Nasdaq-listed Israeli cybersecurity company Check Point Software Technologies Ltd., has acquired a controlling stake in Nasdaq-listed universal flu vaccine developer BiondVax Pharmaceuticals Ltd., the company announced Tuesday.
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Nacht invested NIS 10.9 million (approximately $2.83 million) in BiondVax in early 2017. With his current $16.67 million investment, made through Nacht’s wholly-owned entity Angels Investments in High Tech Ltd. as part of BionVax’s rights offering, he has become the company’s controlling shareholder as defined under Israeli Companies Law. Nacht now owns approximately 42% in BiondVax, the company said. Overall, the company raised $20 million via the offering.a venture fund he co-founded in 2016 that manages Angels’ healthcare and life science portfolio.