SynOx raises $75 million


United Kingdom

SynOx Therapeutics Ltd, a biotech company co-located in the UK and Ireland, has raised $75 million in a Series B financing round to advance a treatment for tenosynovial giant cell tumour into Phase 3. The financing was co-led by Forbion, HealthCap and new investor Bioqube Ventures of Belgium. It will be used to generate data for a monoclonal antibody treatment called emactuzumab which has already shown a substantial effect on the tumours, which are noncancerous growths that can be chronically debilitating.