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BioWorld - Wednesday, April 15, 2026
Home » Topics » Newco news, BioWorld

Newco news, BioWorld
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Health professional holding stethoscope with health icons
Newco news

After EU withdrawal, catumaxomab ready for phase III trials again under China’s Lintonpharm

July 20, 2020
By Elise Mak
The first bispecific antibody to win regulatory approval, Removab (catumaxomab) was voluntarily withdrawn due to commercial reasons. Now Chinese biotech Lintonpharm Co. Ltd., of Guangzhou, said it plans to move catumaxomab to a global phase III trial following an IND approval from China’s NMPA, investigating the trifunctional bispecific antibody in patients with peritoneal carcinomatosis, a form of advanced gastric cancer.
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Hand holding money plant
Newco news

Australia’s Brandon Capital leads AU$29 M series A investment in Glyscend’s diabetes polymer compound

July 17, 2020
By Tamra Sami
PERTH, Australia – With a series A investment in hand, Glyscend Therapeutics Inc. will take its polymer therapeutic that mimics the effect of gastric bypass surgery to Australia next year to begin clinical trials.
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Newco news

Tranquis emerges from stealth mode with $30M series A

July 10, 2020
By Mike Ward
Armed with intellectual property generated in the lab of Edgar Engleman at Stanford University, Tranquis Therapeutics Inc. has emerged from stealth mode through a $30 million series A round.
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Beta cells
Newco news

Diogenx launches new search for holy grail of diabetes

June 16, 2020
By Cormac Sheridan
Beta cell regeneration has been a holy grail for type 1 diabetes researchers for several decades. Despite some promising results in animal models, progress in patients has remained frustratingly elusive, however.
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Hand holding dollar sign

C2i Genomics raises $12M series A to bring whole genome pattern recognition to liquid biopsy

June 12, 2020
By Stacy Lawrence
Whole genome sequencing is not part of treating patients in practice – or even involved in most clinical trials of drug candidates. But C2i Genomics Inc. is working to make that a reality. It applies pattern recognition to whole genome sequencing to create an individualized fingerprint for a given patient’s tumor. The New York-based startup has raised a $12 million series A round to back the development of its technology, which came out of Cornell and the New York Genome Center.
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Chalkboard illustration: question mark, gears, lightbulb, target, rocket
Newco News

Shanghai startup Eccogene bets on small molecules for NASH

June 9, 2020
By Elise Mak
BEIJING – After his role as associate director and head of chemistry at Eli Lilly and Co., Brandeis-trained Jingye Zhou founded Eccogene Inc. in Shanghai in 2018 to focus on developing small-molecule drugs for metabolism and immune-related diseases.
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Startup key, rocket icon
Newco news

China’s Inmagene CEO: Cost-efficient innovation for global medical needs

May 20, 2020
By Elise Mak
BEIJING – After being a health care investor for 21 years, Jonathan Wang decided to co-found biotech startup Inmagene Biopharmaceuticals Co. Ltd. in July 2019 to seek success in the China market using the experience and insights he had accumulated over the years. With $20 million in its war chest so far, the startup aims to excel in immunology-related therapeutic areas in China.
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John Dimos, CEO, Fountain
Newco news

Fountain fires up aging drugs platform with new $6M financing

May 19, 2020
By Michael Fitzhugh
Fountain Therapeutics Inc., a California company working to create treatments for age-related diseases, said Khosla Ventures has led a $6 million series A-1 financing of the startup, with participation from Nan Fung Life Sciences, which earlier contributed $5 million to the round.
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DNA illustration
Newco news

Italian gene therapy firm Genespire moving toward clinic with financing, preclinical data

May 18, 2020
By Nuala Moran
LONDON – After announcing its $17.4 million series A funding in the midst of pandemic in April, Genespire Srl has now gone public on the preclinical research upon which its programs will be based, presenting the data at last week’s American Society of Gene and Cell Therapy (ASGCT) annual meeting.
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Rosana Kapeller, CEO, Rome Therapeutics
Newco news

Repeatome defender: $50M series A lets Rome ransack ‘junk DNA’

May 1, 2020
By Randy Osborne
CEO and co-founder Rosana Kapeller told BioWorld that Rome Therapeutics Inc.’s $50 million series A will fund early work in an “exploding” new area of biology: the repeatome – “the dark genome” or “junk DNA,” as many previously deemed the roughly 60% of the human genome that consists of repetitive sequences of nucleic acids.
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