Versant Ventures-backed Firefly Bio is part of a growing group of companies developing degrader antibody conjugates, or DACs. These targeted cancer therapies combine properties of antibody drug conjugates and protein degraders in order to overcome limitations of both types of therapies.
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Abu Dhabi-based International Holding Company s subsidiary, Multiply Marketing Consultancy (MMC), acquired a minority stake in rideshare and taxi ad start-up Firefly for an undisclosed amount.
The pair are also planning to expand San Francisco-based Firefly s operations to the Middle East “through a joint-venture office based within MMC’s headquarters” in the emirate, IHC said in a statement on Sunday to the Abu Dhabi Securities Exchange, where its shares trade.
Founded in 2017, San Francisco-based Firefly has digital advertising boards that sit on top of taxis and ride-sharing vehicles. The company has been backed by investors such as Google Ventures, NFX and Stanford University’s StartX Fund.