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Corporations, Celebrities Join WPHF Call for Action: Support 1,000 Women Leaders on the Frontlines
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Allogeneic cell therapy player Century raises $160m in funds to advance pre-clinical pipeline
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Century Therapeutics Completes $160 Million Series C Financing to Accelerate Development of iPSC-derived Cell Therapy Pipeline
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DTx Pharma, a 15-employee San Diego biotechnology company pursuing a platform for creating RNA-based therapies to treat genetic drivers of rare diseases, said Monday that it has raised $100 million in Series B round of financing.
The early stage company, which previously raised $10.6 million in a Series A round in January 2020, is pursuing potential treatments in ophthalmology and for neuromuscular diseases initially.
According to DTx Pharma’s website, its most advanced program in the eye arena targets a disease called retinitis pigmentosa, which is often inherited. It anticipates initiating clinical work on this treatment in 2022.
In the neuromuscular area, the company is looking into multiple diseases driven by genetic defects in skeletal muscle, cardiac muscle and the peripheral nervous system. It expects to move its first neuromuscular disease candidates into clinical development in 2023.
MedCity News
Biotech Vividion lands $135M in crossover cash, paving a path to the public markets
Vividion Therapeutics has technology that enables it to develop drugs for “undruggable” disease targets. The Series C financing is a crossover round, an indication a biotech is preparing for an IPO.
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Vividion Therapeutics has technology that finds ways to hit promising disease targets that were previously deemed “undruggable.” Now it has $135 million that might allow it to find something else: a public stock listing.
The Series C round of financing announced Wednesday included so-called crossover investors, firms that invest in both public and private companies. Securing crossover investment is one of the steps companies take as they prepare for an IPO.