biotech VC

Latest Headlines

Latest Headlines

Glaxo, Atlas syndicate bankrolls Spero's drive into the clinic with $30M round

Eight months after wrapping its first venture round with a $30 million bankroll, Cambridge, MA-based Spero Therapeutics has gone back to the well for $30 million more.

Backed by J&J and Glaxo, veteran VC group splits from Index, unveils $227M fund

The biotech team at Index Ventures is splitting away to focus exclusively on what they do best: jump-starting new therapeutic programs in Europe.

Iconic Therapeutics snags $40M for eye disease R&D

South San Francisco's Iconic Therapeutics raised $40 million in Series C cash to support its work on treatments for eye cancer, moving toward clinical trials with its ocular melanoma program.

Scholar Rock bags $36M to fuel muscle-wasting drug program, first clinical study

With an eye to jumping into the clinic with a lead drug for muscle wasting while building up a pipeline of drugs that target key growth factors, Scholar Rock is refueling for its next stage of development with a $36 million B round from a group of investors led by Fidelity Management and Research.

With Big Pharma backing, eFFECTOR plots solid tumor trial with $40M round

More than two years after landing a hefty launch round, San Diego-based eFFECTOR Therapeutics has scooped up a $40 million financing from an expanded group of investors, putting the biotech on track to jump into the clinic with a Phase I/II study of its lead cancer drug.

Navitor grabs a $33M round as it carefully navigates toward the clinic

George Vlasuk and his biotech crew at Navitor have lined up a $33 million round designed to get the first snapshot on clinical efficacy for its platform play.

China's WuXi raises a $290M VC fund with eyes on 'cross-border' biotech bets

WuXi PharmaTech, China's largest CRO, closed an oversubscribed $290 million venture fund, turning its attention to biopharma startups at home and in the U.S.

$37.5M in hand, Termeer-backed X4 maps a fast pace on cancer immunotherapy R&D

Over the last 18 months Genzyme founder Henri Termeer has been helping organize and finance a new biotech called X4, which has taken up residence in Cambridge, MA, and is now going public with a $37.5 million A round and a plan to make its mark in the hot field of immuno-oncology.

In a win for NYC, gut-brain biotech Kallyope launches with $44M

New York's ambitious plans to grow a biotech hub in the heart of its world-class scientific community is being rewarded today with the unveiling of Kallyope, a startup that's being spun out of the labs at Columbia University with $44 million in Series A backing from a group of marquee investors.

UPDATED: With Roche in the rearview mirror, Constellation Pharma grabs $55M round

About four months after Roche completed its slow-motion decoupling with Constellation Pharmaceuticals, the biotech has moved ahead with a $55 million venture round.