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BioWorld - Monday, May 16, 2022
Home » Topics » Newco news

Newco news
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Newco news

Suda Pharmaceuticals to combine new iNKT cell therapy platform with CARs to target blood cancers

July 20, 2021
By Tamra Sami
No Comments
PERTH, Australia – Suda Pharmaceuticals Ltd. saw its stock shoot up nearly 44% on the heels of an oversubscribed AU$3.65 million (US$2.71 million) capital raise after acquiring a new invariant natural killer T (iNKT) cell therapy platform for oncology.
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Newco news

Pep-Therapy takes first-in-class cancer peptide into clinic after series A financing

July 19, 2021
By Richard Staines
No Comments
French biotech Pep-Therapy SAS is taking its potentially first-in-class cancer cell penetrating peptide technology into the clinic, after raising €5.4 million (US$6.4 million) in an extended series A funding round. The series A fundraiser initially brought in €2.6 million, but the extension brought in a further €1.6 million in equity from Anaxago, i&i Prague and Badge as well as a €1 million loan from Bpifrance.
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Acute myeloid leukemia illustration
Newco news

Suda Pharmaceuticals to combine new iNKT cell therapy platform with CARs to target blood cancers

July 16, 2021
By Tamra Sami
No Comments
PERTH, Australia – Suda Pharmaceuticals Ltd. saw its stock shoot up nearly 44% on the heels of an oversubscribed AU$3.65 million (US$2.71 million) capital raise after acquiring a new invariant natural killer T (iNKT) cell therapy platform for oncology.
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Newco news

Poolbeg Pharma takes ‘AIM’ at flu with $35M IPO in London

July 14, 2021
By Cormac Sheridan
No Comments
DUBLIN – Poolbeg Pharma plc raised £25 million (US$35 million) in an IPO on London’s Alternative Investment Market (AIM) to pursue development of antiviral drugs. The company priced the offering at 10 pence per share, which implies a valuation of £50 million. Shares are due to commence trading on Monday, July 19.
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Device enables four patients to breathe on a single ventilator at the same time

July 12, 2021
By David Godkin
No Comments
Steven Roy, CEO of Convergence Medical Sciences Inc., has designed a low-cost device that boosts the number of patients on a single ventilator to four simultaneously. To do this, he is collaborating with Calgary-based consulting engineers, Exergy Solutions Inc., to take the international Red Dot design winner through the Health Canada approval process.
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Newco news

Neuvasq looking to blood-brain barrier to target neurological disease

July 12, 2021
By Nuala Moran
No Comments
LONDON – Neuvasq Biotechnologies has launched with a €20 million (US$23.7 million) series A to take forward a new approach to treating neurological disorders by reversing age- or injury-related damage to the blood-brain barrier.
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Cygenica advancing protein-based intercellular delivery of CRISPR editing components

July 7, 2021
By Cormac Sheridan
No Comments
DUBLIN – Bacteriophage, like other viruses, can be viewed as complex molecular machines with two essential functions: infection and replication. The first involves the efficient injection into the host cell of their genomic payload; the second involves hijacking the host’s nucleic acid replication machinery to generate the functional and structural proteins needed to give rise to progeny viruses.
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Robert Spoelgen and Michael Lauk

Merck, Neuroloop collaborate on inflammatory disease treatment

June 30, 2021
By Meg Bryant
No Comments
Merck KGaA is partnering with Neuroloop GmbH, a subsidiary of B. Braun SE, to develop a neurostimulator device that can complement existing drug therapies for people with chronic inflammatory diseases. The collaboration aims to adapt Neuroloop’s neurostimulation platform to enable targeted treatment of chronic inflammatory ailments. The new bioelectronics program intends to open up new technologies and markets that are close to Merck’s electronics and health care business sectors.
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Neutigers to study use of wearables and AI to improve sickle cell outcomes

June 24, 2021
By Meg Bryant
No Comments
Princeton University spinout Neutigers Inc. is launching a study to explore the use of artificial intelligence (AI) and everyday wearables to flag early symptoms of sickle cell anemia vaso-occlusive crisis (VOC) before they get worse and land patients in the hospital. The aim is to reduce deaths and facilitate interventions to address the entire continuum of care for patients with the inherited red blood cell disorder, Adel Laoui, founder and CEO, told BioWorld.
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Adela pulls in $60M for cancer detection in DNA methylome

June 23, 2021
By Annette Boyle
No Comments
Adela snapped up $60 million in a series A financing round to commercialize its blood test for cancer detection and disease monitoring. At the same time, the company announced its name change from Dnamx Inc. The Adela system profiles all methylated DNA fragments in a blood sample, allowing it to determine the tissue of origin early in development of a malignancy and potentially simplifying screening across all cancer types.
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