Seattle biotech OncoResponse raises $40.6M to create antibody-based therapies for most cancers

Seattle biotech OncoResponse raises $40.6M to create antibody-based treatments for cancer

Clifford Shares. (OncoResponse Picture)

New funding: OncoResponse raised a $40.6M Collection C funding spherical because it continues to develop antibodies that struggle most cancers.

The science: The corporate examined the immune methods of most cancers sufferers who responded unusually effectively to immunotherapy therapies. It goals to harness antibodies from these immune methods to make new immunotherapy therapies for sufferers whose methods don’t reply effectively to present choices.

Management: The corporate is led by CEO and founder Clifford Shares, who beforehand led Theraclone Sciences and was a longtime exec at ICOS Company, which was acquired by Lilly for $2.3 billion in 2007.

Traders: Members of the Magnetar Group led the spherical, which included participation from Yonjin Enterprise, Bering Capital, RiverVest Enterprise Companions, Qatar Funding Authority (QIA), Redmile Group, 3B Future Well being Fund (Helsinn Funding Fund), Canaan Companions and ARCH Enterprise Companions.

The corporate has now raised practically $110 million because it was launched by The College of Texas MD Anderson Most cancers Heart and the now-closed Theraclone Sciences in 2015.

Seattle biotech exercise: This week one other Seattle biotech startup additionally raised funding, as Outpace Bio landed $30 million. Seattle-based Rodeo Therapeutics, in the meantime, introduced its acquisition by Amgen.

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Written by LessDaily.Com


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