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BioWorld - Wednesday, March 3, 2021
Home » Topics » Newco news

Newco news
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Acute myeloid leukemia illustration
Newco news

Australia’s Race Oncology resurrects bisantrene following promising phase II AML results

Aug. 5, 2020
By Tamra Sami
No Comments
PERTH, Australia – Patients with relapsed or refractory acute myeloid leukemia (r/r AML) who have received three or more lines of therapy are often too sick to get much-needed bone marrow transplants and often run out of options. Melbourne-based Race Oncology Ltd. hopes to change those outcomes with a new take on an old drug that slipped through the cracks in the 1980s.
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Peanut allergy
Newco news

Time sensitive? Allergy overdue for something new, Iggenix bags $10M series A

Aug. 4, 2020
By Randy Osborne
No Comments
Adopting a new strategy in food allergies and others, South San Francisco-based Iggenix Inc. launched with a $10 million series A round to fund work that CEO Bruce Hironaka told BioWorld puts the company “at the front of the wave.” Companies in the allergy space generally “have not taken full advantages of the developments that we’ve seen in the biotech industry over the last 20 or 30 years,” he said.
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Non-thermal plasma catheter

CAPS Medical snags $3.5 million in series A financing

July 31, 2020
By Annette Boyle
No Comments
CAPS Medical, of Netanya, Israel, closed a $3.5 million series A round led by Chasing Value Asset Management and the Los Angeles-based Israel Investment Fund Group. The new funds will be used to enable CAPS to undertake its first clinical trial for its minimally invasive, nonthermal plasma device for cancer treatment and further develop its portfolio for the treatment of solid tumors.
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Bioprinter device

Aussie startup Inventia could revolutionize skin regeneration with 3D bioprinting robot

July 31, 2020
By Tamra Sami
No Comments
PERTH, Australia – Startup Inventia Life Science Pty. Ltd. has received two major investments from the Australian government to accelerate the development of a robotic device that prints a patient’s own skin cells directly onto a burn or wound. Named Ligō from the Latin “to bind,” the device could revolutionize the way surgeons approach wound repair.
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South Korean won
Newco news

G2GBIO seeks further funds after $9.53M series B financing

July 28, 2020
By Gina Lee
No Comments
HONG KONG – Daejeon, South Korea-based biotechnology company G2GBIO Inc. has raised ₩11.4 billion (US$9.53 million) from a series B financing round, with the funds to be used on clinical trials for a sustained-release Alzheimer’s treatment as well as nonclinical trials for diabetes and sustained-release postoperative pain treatments.
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Newco news

Starvation safety switch could make cell therapies safer

July 28, 2020
By Anette Breindl
No Comments
By deleting the gene for uridine monophosphate synthetase (UMPS), an enzyme in the pathway for uridine synthesis, researchers have made cells, including embryonic stem cells and T cells, dependent on dietary uridine. The work, which was published in the July 13, 2020, online issue of Nature Biotechnology, adds a new potential way of controlling cell therapies.
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Cells, DNA illustration
Newco news

Starvation safety switch could make cell therapies safer

July 27, 2020
By Anette Breindl
No Comments
By deleting the gene for uridine monophosphate synthetase (UMPS), an enzyme in the pathway for uridine synthesis, researchers have made cells, including embryonic stem cells and T cells, dependent on dietary uridine. The work, which was published in the July 13, 2020, online issue of Nature Biotechnology, adds a new potential way of controlling cell therapies.
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South Korean won
Newco news

G2GBIO seeks further funds after $9.53M series B financing

July 24, 2020
By Gina Lee
No Comments
HONG KONG – Daejeon, South Korea-based biotechnology company G2GBIO Inc. has raised ₩11.4 billion (US$9.53 million) from a series B financing round, with the funds to be used on clinical trials for a sustained-release Alzheimer’s treatment as well as nonclinical trials for diabetes and sustained-release postoperative pain treatments.
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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 21, 2020
By Elise Mak
No Comments
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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Newco news

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

July 21, 2020
By Tamra Sami
No Comments
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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