DEM BioPharma Launches with $70 Million Financing
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星期四, 六月 23, 2022
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DEM BioPharma, Inc. (DEM Bio), an immuno-oncology company developing therapies that target novel innate immune system checkpoints to eliminate cancer, today announced its initial $70 million financing led by founding investor Longwood Fund and Alta Partners , with additional participation from Insight Partners , Pfizer Ventures , Astellas Venture Management , Emerson Collective , UTokyo Innovation Platform and Alexandria Venture Investments .
Key Points:
- DEM BioPharma, Inc. (DEM Bio), an immuno-oncology company developing therapies that target novel innate immune system checkpoints to eliminate cancer, today announced its initial $70 million financing led by founding investor Longwood Fund and Alta Partners , with additional participation from Insight Partners , Pfizer Ventures , Astellas Venture Management , Emerson Collective , UTokyo Innovation Platform and Alexandria Venture Investments .
- DEM Bio also announced the appointment of Jan Skvarka, former CEO of Trillium Therapeutics (acquired by Pfizer for $2.22 billion in November 2021), as Executive Chairman.
- DEM Bios founders discovered a scalable approach to systematically unlock the potential of innate immune system checkpoints, noted Dr. Westphal.
- The CHoMP platform has identified a number of promising new DEM/EM signals, including the novel DEM pathway APMAP.