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FINANCINGS ROUNDUP

Kolltan Pharmaceuticals raises $60M to support cancer trials

By Peter Winter
BioWorld Insight Editor

Wednesday, March 26, 2014
Kolltan Pharmaceuticals Inc., a private company developing monoclonal antibody (MAb) drugs that will target receptor tyrosine kinases, has secured $60 million from a series D financing round, which will help support phase II trials of KTN3379, an inhibitor of the ErbB3 receptor tyrosine kinase, their lead dual-mechanism MAb candidate in cancer patients suffering from various malignancies.

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