Tubulis GmbH, a German company with a portfolio of antibody-drug conjugates, has raised €308 million in a Series C financing round in what is being described as the largest C round for a European biotechnology company and the biggest financing globally for a private ADC developer. Announced on 15 October, the round was led by Venrock Healthcare Capital Partners with participation from additional new investors Wellington Management and Ascenta Capital.
Omnix Medical Ltd, based in Israel, has raised $25 million from a Series C funding round to accelerate development of a pipeline of antimicrobials directed against multidrug-resistant infections. Announced on 15 October, the financing was co-led by Harel Insurance & Finance Group, one of Israel’s largest financial institutions, and the European Innovation Council Fund, a venture initiative of the European Commission under the Horizon Europe research programme.
Bristol Myers Squibb Co has stepped up its commitment to cell therapies with plans to spend $1.5 billion to acquire a Cambridge, Massachusetts biotech which is developing a medicine to reprogramme the immune system and treat autoimmune diseases. Orbital’s lead product, OTX-201, is an in vivo chimeric antigen receptor (CAR) T cell therapy that is being developed using ribonucleic acid (RNA) technology. The preclinical product consists of a circular RNA that encodes a CAR which targets cells expressing CD19, a B cell specific antigen.
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