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Home » Topics » Newco news

Newco news
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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
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
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
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
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
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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RNA
Newco news

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

April 27, 2022
By Doris Yu
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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Walking with assistance
Newco news

Mitorx tackling impaired sulphide signaling in degenerative disease

April 26, 2022
By Nuala Moran
Mitorx Therapeutics Ltd. is poised to develop small molecules that reverse impaired sulphide signaling underlying degenerative diseases ranging from Duchenne muscular dystrophy to Alzheimer’s disease. The company was formed some time ago as a spinout from Exeter University, where the founding scientist Matt Whiteman is professor of experimental therapeutics. It is showing its colors for the first time after closing a seed funding round.
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Woman using eyedrops

University of Birmingham spin-off eyes ocular surface disease market

April 25, 2022
By Catherine Longworth
A technology developed at the University of Birmingham, U.K., has been spun off as a potential treatment for ocular surface diseases. The platform technology from startup Healome Therapeutics Ltd. was developed by a team of material scientists at the University’s Healthcare Technologies Institute (HTI) that translates health technology concepts to products for clinical trials.
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Cardiovascular.png
Newco news

Forcefield raises £5.5M for protein-based heart attack drug

April 25, 2022
By Nuala Moran
Forcefield Therapeutics Ltd. has arrived on the scene with £5.5 million (US$7 million) in funding to advance development of naturally occurring proteins that have been shown to arrest the loss of cardiomyocytes in the immediate aftermath of myocardial infarction.
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Newco news

Satellite Bio goes into orbit with $110M VC funding for bioengineered tissue tech

April 21, 2022
By Richard Staines
Satellite Biosciences Inc. has become the latest biotech to emerge from stealth, backed with more than $110 million in VC financing to develop bioengineered tissues that fix damaged tissues or organs. With former Novartis executive Dave Lennon leading as CEO, the Cambridge, Mass.-based company is hoping to find therapies for hard-to-treat diseases.
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