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BioWorld - Monday, February 16, 2026
Home » Topics » Newco news, BioWorld

Newco news, BioWorld
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MBD and Azothbio partner for rare cancer drug using AI modeling technology

March 3, 2020
By Jihyun Kim
HONG KONG – MBD Co. Ltd. and Azothbio Inc., both based in South Korea, have entered an agreement for rare cancer drug development using an AI-powered drug discovery platform.
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Newco news

Aivita Biomedical ahead of schedule on its phase II glioblastoma trial

Feb. 27, 2020
By Lee Landenberger
Aivita Biomedical Inc.’s CEO, Hans Keirstead, just finished up a $12.5 million fundraiser and he’s prepping for another $12.5 million in a second effort. In the two months since he started raising the money, he has hired four more people and plans to hire four more by year-end, bringing the company’s headcount to 36 employees.
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Newco news

Reinvented Coimmune has a new IND and two clinical trials

Feb. 19, 2020
By Lee Landenberger
It’s been a rapid year of change for Coimmune Inc., which was incorporated only 12 months ago and now has FDA approval of an IND clearing the way for a phase IIb trial using CMN-001 to treat advanced metastatic renal cell carcinoma (mRCC).
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Newco news

Medicinal cannabis company Zelira raises nearly AU$5 million as it gears up for commercialization

Feb. 18, 2020
By Tamra Sami
PERTH, Australia – With a capital raise of $AU4.58 million (US$3.07 million) under its belt, Zelira Therapeutics Ltd. will be better positioned to launch multiple medicinal cannabis products that are currently in late-stage clinical trials.
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Newco news

With a $2M SBIR grant, Eumentis launches to target Alzheimer’s, autism spectrum disorders

Feb. 13, 2020
By Lee Landenberger
Mark Tepper, the founder of newly launched Eumentis Therapeutics Inc., plans to use the company’s recent $2 million Small Business Innovation Research (SBIR) grant to fund IND-enabling studies for EM-036, a nitro-aminoadamantane N-methyl-D-aspartate receptor antagonist to treat Alzheimer's disease and autism spectrum disorders.
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Newco news

Pinning hopes on autophagy, Pinpoint raises $1M

Feb. 12, 2020
By Lee Landenberger
Christian Peters, CEO of the newly launched and privately held Pinpoint Therapeutics Inc., said he has a relatively unusual pedigree that allows him a unique perspective in drug development. That combination of working in academia and in the corporate sphere has given him a more well-rounded view than most.
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Newco news

Sonoma to develop regulatory T-cell therapies with its $40M series A

Feb. 7, 2020
By Lee Landenberger
Privately held Sonoma Biotherapeutics Inc. plans to take its newly raised $40 million series A financing to develop regulatory T-cell therapies to control inflammatory responses in autoimmune diseases such as rheumatoid arthritis, inflammatory bowel disease and multiple sclerosis.
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Newco News

Novelty Nobility attracts $9M in series A funding for NN2101 GLP tox studies

Feb. 4, 2020
By Jihyun Kim
HONG KONG – South Korean biotech Novelty Nobility Inc. has attracted ₩10 billion (US$9 million) in series A funding to develop therapeutic antibodies inhibiting the stem cell factor (SCF)/c-KIT pathway.
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Newco news

Cell therapy firm Agex looks west to expand into Japan

Jan. 29, 2020
By Lee Landenberger
In its first step into Japan, Agex Therapeutics Inc. accelerates its development of engineering hypoimmunogenic cells, universal cells that can be used on patients who didn’t generate the original cell and without the need to use immunosuppressants.
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Newco news

Standardized delivery of unique neoantigens improves T-cell vaccines

Jan. 24, 2020
By Anette Breindl
When they work, T cells work great. And the folks at Avidea Technologies Inc. want to make them work more often. Combining expertise in immunology and polymer chemistry, the Baltimore-based startup is developing antigen delivery technology to improve T cell-targeted vaccines.
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