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BioWorld - Thursday, June 30, 2022
Home » Topics » Newco news

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Pancreas illustration
Newco news

Phaim Pharma poised to trial drug that resets immune system to treat T1D

May 24, 2022
By Richard Staines
No Comments
Now is a good time to be involved with type 1 diabetes (T1D) research, according to a U.K. biotech that hopes to reduce or cut the need for insulin injections to treat the condition.
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CAR T illustration
Newco news

Inceptor Bio raises $37M to advance triplet of CAR therapies

May 19, 2022
By Michael Fitzhugh
No Comments
Inceptor Bio LLC, a company developing cell therapies for difficult-to-treat cancers, has closed a $37 million series A financing led by Kineticos Ventures, the second fund founded by Inceptor CEO Shailesh Maingi. Altogether, about 40 investors have supported the company's efforts, he told BioWorld. Proceeds from the round, which follows a $26 million seed financing in 2021, will support moving Inceptor's lead CAR T program into phase I testing, a move targeted for the second half of 2023, and continued development of rare CAR-macrophage and CAR-natural killer cell programs.
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Eye wireframe illustration
Newco news

Vigeneron carves out space in evolving AAV gene therapy landscape

May 13, 2022
By Cormac Sheridan
No Comments
Although gene therapy is now “a clinical reality,” it still remains an early stage therapeutic modality. That’s the view of Caroline Man Xu, CEO and co-founder of Vigeneron GmbH, a German gene therapy company that has maintained a low profile while steadily staking out a promising position in gene therapies for inherited retinal disease.
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Pamela Conley, CEO, Nuvig
Newco news

‘Stable’ door opens for Nuvig as $47M series A backs homeostasis bid

May 11, 2022
By Randy Osborne
No Comments
Nuvig Therapeutics Inc. emerged from stealth mode with a $47 million series A round to back efforts to develop drugs that induce immune homeostasis as a way of treating autoimmune diseases without disturbing the system’s normal function.
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RNA
Newco news

Arrowhead and Vivo co-launch firm in China with $60M investment

May 3, 2022
By Doris Yu
No Comments
Arrowhead Pharmaceuticals Inc. and Vivo Capital LLC have launched a joint venture named Visirna Therapeutics for RNA interference therapeutics in the greater China market. Arrowhead is the majority shareholder of the new entity, while Vivo invested $60 million in the new entity.
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Gold dollar sign inside gold cog
Newco news

Chimera going for ‘Gold’ as AFCR award boosts funding round

May 3, 2022
By David Ho
No Comments
Chimera Bioengineering Inc. has been selected as the winner of the Asian Fund for Cancer Research's (AFCR) 2021 BRACE Award Venture Competition, contributing $500,000 as part of a recent $7.5 million capital infusion and bringing to $26 million the company’s total amount raised to date.
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T cells
Newco news

Engimmune raises $16.7M in seed round to build better T-cell receptors

May 3, 2022
By Nuala Moran
No Comments
Engimmune Therapeutics AG has raised CHF15.5 million (US$16.7 million) in a seed round, as it prepares to address efficacy and safety shortcomings that currently constrain T-cell receptor and soluble TCR cancer therapies. The Basel, Switzerland-based company’s technology brings together genome editing, functional screening, deep mutational sequencing and machine learning, to engineer synthetic T-cell receptors that are highly specific to a chosen tumor antigen, increasing affinity and safety and avoiding off-target effects.
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Illustration of cancer cells and immunotherapy treatment
Newco news

Former Genentech execs launch new immunotherapy biotech LTZ Therapeutics

May 2, 2022
By Tamra Sami
No Comments
After raising $17 million in seed funding, immunotherapy-focused biotech company, LTZ Therapeutics Inc., is announcing plans for the fledgling company whose acronym stands for “Lift to Zenith.” CEO and co-founder Robert Li told BioWorld that the company’s three-tiered immunotherapy platform will focus on reducing immunosuppression, reprogramming innate immunity and modulating adaptive immunity.
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Vial and syringe with DNA
Newco news

Keeping it simple: Kelonia raises a $50M series A

May 2, 2022
By Lee Landenberger
No Comments
For Kevin Friedman, the secret to making newly emergent Kelonia Therapeutics Inc. a success is reducing complexity and keeping everything as simple as possible. The Boston-based company just raised $50 million in series A funding to further its development of genetic medicines encompassing a range of diseases.
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Gold dollar sign inside gold cog
Newco news

Chimera going for ‘Gold’ as AFCR award boosts funding round

April 28, 2022
By David Ho
No Comments
Chimera Bioengineering Inc. has been selected as the winner of the Asian Fund for Cancer Research's (AFCR) 2021 BRACE Award Venture Competition, contributing $500,000 as part of a recent $7.5 million capital infusion and bringing to $26 million the company’s total amount raised to date.
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