Genmab A/S has deepened its commitment to bispecific antibody technology under a licencing deal with Immatics Biotechnologies GmbH which involves research on multiple new cancer targets. Genmab earns royalties from a marketed monoclonal antibody product for cancer, but in recent years it has been turning to new modalities, such as bispecific antibodies and antibody-drug conjugates, to fill its pipeline.
Germany’s BioNTech AG has reached an agreement with Genevant Sciences Ltd, a new therapeutics company, to develop five products for the treatment of rare diseases using messenger RNA (mRNA) technology. The partnership will draw on BioNTech’s expertise in personalised medicine, including RNA therapeutics, with Genevant’s lipid nanoparticle delivery technology.
Abzena Plc, the UK service provider, is to manufacture antibodies for two prospective radiopharmaceuticals being developed by Telix Pharmaceuticals Ltd of Australia for the treatment of prostate cancer, one of the four most common cancers in the world.
Forbion Capital Partners of the Netherlands has raised €270 million at the first close of its fourth life science fund, exceeding the target amount of €250 million. Forbion IV will support promising biotech companies predominately in the UK and the EU.
About 20% of the funds will target opportunities in North America.
The Wellcome Trust is to use its expertise in life science and financial muscle to launch a new investment fund that will enable high-risk research projects to develop quickly and move towards commercialisation. The Wellcome Leap Fund will have capital of £250 million to be allocated over five years starting in 2020.
The fund will be wholly owned by the Trust with its own chief executive officer and an independent board of directors. Recruitment of the CEO is expected to start shortly, the Trust announced on 10 July.
London, UK-based Abingworth has raised $315 million for its twelfth life science fund bringing the total amount of funds under management to over $1.2 billion. The new fund, Abingworth Bioventures VII, will invest in companies in Europe and the US.
Abingworth invests across all stages of drug development including early and late-stage venture deals, clinical co-development projects and public equities. The typical investment per company is in the range of $15 to $30 million.
A consortium of predominately European investors is providing €47 million to Dynacure SAS of France to bring its candidate antisense oligonucleotide drug into the clinic for the treatment of patients with centronuclear myopathies.
Centronuclear myopathies are genetic disorders characterised by muscle weakness and wasting in the skeletal muscles. Dynacure’s lead product, Dyn101, is intended to treat these disorders by targeting dynamin 2, a protein that is implicated in cell processes such and cell motility and endocytosis.
Novartis is proposing to spin off its Alcon division into a separately listed eye care devices company leaving it to focus on pharmaceutical discovery and development. The transaction will be put to shareholders for a vote in February 2019 and if approved, would be completed by 30 June of that year.
UK-based NodThera Ltd has raised £28 million in Series A financing to develop small molecule drugs to treat diseases driven by chronic inflammation. The financing was co-led by Sofinnova Partners and 5AM Ventures with further participation by Epidarex Capital and F-Prime Capital Partners.
Belgium-based iTeos Therapeutics SA has raised $75 million in an oversubscribed Series B financing round to advance two of its immunotherapy candidates into the clinic and open a new office in Cambridge, Massachusetts, US.
The funding was led by MPM Capital with participation from the additional new investors HBM Partners, 6 Dimensions Capital and Curative Ventures. All of the company’s existing investors also participated in the round.