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BioWorld - Friday, June 19, 2026
Home » Topics » Newco news, BioWorld

Newco news, BioWorld
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Plexium raises a $28M series A to pursue E3 ligase-modulating therapeutic development

Oct. 21, 2019
By Lee Landenberger
It took newly launched Plexium Inc. CEO Kandaswamy (Swamy) Vijayan a few years to figure out where he needed to focus his creative energies. With an engineering background, he helped develop diagnostic tools. But he wanted to take the skill further.
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Startup sees opportunity to speed microbiome research

Oct. 18, 2019
By Meg Bryant
"Microbiome" has become a health and wellness buzzword, implicated as a contributing factor in conditions ranging from diabetes and obesity to gastrointestinal disease, autoimmune diseases and even autism. But the tools scientists use to cultivate bacteria have changed little over the past century, said Peter Christey, founder and CEO of San Carlos, Calif.-based startup General Automation Lab Technologies Inc. (GALT).
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Startup Abalos steps into immuno-oncology arena with $13M series A round

Oct. 16, 2019
By Cormac Sheridan
DUBLIN – Abalos Therapeutics GmbH raised €12 million (US$13.2 million) in series A funding to advance a distinctive approach to harnessing viruses for immuno-oncology applications.
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Mogrify lands $16M as it builds tech for converting one cell type to another

Oct. 15, 2019
By Nuala Moran
LONDON – Mogrify Ltd. raised $16 million in the first close of a series A that it expects to at least double before closing the round in the next 12 months.
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Oxford spinout Mirobio raises £27M to advance autoimmune programs

Oct. 8, 2019
By Nuala Moran
LONDON – Mirobio Ltd. has spun out of Oxford University, raising £27 million (US$33.3 million) to develop antibody-based therapies designed to activate immune checkpoint receptors in the treatment of autoimmune disorders.
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With zeal, Zielbio closes on a $25.1M series A round

Sep. 27, 2019
By Lee Landenberger
Zielbio Inc., of Charlottesville, Va., closed on a $25.1 million series A financing to further its lead candidate, ZB-131, a humanized monoclonal antibody against cell surface plectin, which is expressed on the plasma membrane of ovarian, pancreatic, lung and colorectal cancer cells.
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Tacalyx aiming to unlock the trick to TACAs, raises $7.7M in seed financing

Sep. 26, 2019
By Nuala Moran
LONDON – Tacalyx GmbH has raised €7 million (US$7.7 million) in seed funding to initiate research on a new generation of antibodies targeted at tumor-associated carbohydrate antigens (TACAs) expressed on a wide variety of tumor cells.
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Versatope secures $17.9M NIAID grant for universal flu vaccine program

Sep. 26, 2019
By Michael Fitzhugh
Versatope Therapeutics Inc., a company developing a universal influenza vaccine in Lowell, Mass., has been awarded a contract with the National Institute of Allergy and Infectious Diseases worth up to $17.9 million over five years to support completion of a phase I study slated to wrap up in 2022.
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Bispecifics specialist Biotheus drives southern China innovation

Sep. 4, 2019
By Elise Mak
BEIJING – Chinese startup Biotheus Inc., of Zhuhai, Guangdong, has its sights fixed on bispecific and multitarget antibodies to maximize drug efficacy. A biotech innovator based in the south of China, it gained support from local authorities that aim to create another biotech hub in the country.
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Startup Theolytics exits stealth mode with veteran team and goal of 'best oncolytic virus'

July 24, 2019
By Nuala Moran
LONDON - Oncolytic virus startup Theolytics Ltd. is looking to raise a series A round as it prepares to take its first product into phase I in the treatment of multiple myeloma.
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