Plus, news about RheumaGen and RyboDyn:
Numab Therapeutics brings in $55M:
The Swiss biotech
extended
its Series C, originally
disclosed in 2021
, by CHF 50 million. The round now totals CHF 180 million ($197 million). Last year, Johnson & Johnson
bought a Numab spinout
called Yellow Jersey Therapeutics. The startup has inked multiple partnerships over the years with Kaken, Ono and others.
— Kyle LaHucik
AnaCardio raises $19M for heart failure pill:
The Swedish biotech
extended its Series A round
, bringing the total raised to SEK 355 million ($32 million). It said it will put the cash from investors like Novo Holdings toward an ongoing Phase 1b/2a trial of its oral ghrelin receptor agonist in heart failure with reduced ejection fraction. AC01 was licensed from Helsinn in 2022, and a Phase 2b study is planned.
— Elizabeth Cairns
Colorado gene editing startup gets $15M:
RheumaGen’s focus is editing the human leukocyte antigen to develop cell and gene therapies for autoimmune diseases. It
plans to use
its Series A toward an early-stage study of a treatment for rheumatoid arthritis. The financing was led by SPRIM Global Investments and William Taylor Nominees.
— Lei Lei Wu
RyboDyn gets $4M to investigate the “dark proteome”:
The biotech’s
pre-seed round
is expected to fund development of cancer immunotherapies using RyboCypher, its sequencing and bioinformatics platform, to work on non-coding DNA. Some of these regions can, in fact, encode proteins that are exclusively expressed in cancer cells, the company said.
— Elizabeth Cairns