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Abivax Adds $236M to Show Its Anti-Inflammatory Med Can Stand Apart in Crowded Field

Abivax pulled off stock market deals in the U.S. and Europe that infuse the biotech with capital to continue clinical development of a small molecule for inflammation that’s differentiated from biologic therapies. In other biotech IPO news, Cargo Therapeutics and Invea Therapeutics both filed paperwork to go public. ....

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With New Kind of CAR, Cancer Startup Cargo Refuels With $200M for Cell Therapy Race

Cargo Therapeutics is developing CAR T-cell therapies that overcome ways cancers evade currently available treatments. True to its name, the startup’s approach involves putting more cargo and more complex cargo onto engineered T cells. ....

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