Plus, news about Novo Holdings, Bioxodes and Tempus AI:
Dutch biotech raises $50M in seed funding:
Avidicure, which is developing avidity engineered antibodies for cancer, said it plans to use the funding to move its lead product, AVC-S-101, into the clinic for solid tumors. The round,
announced
Wednesday, was led by EQT Life Sciences. Other investors include Kurma Partners and BioGeneration Ventures.
— Jaimy Lee
Flagship Pioneering launches new company:
The company is
called
Etiome, which is working on an AI platform to forecast disease progression in patients. Flagship is also giving Etiome $50 million.
— Anna Brown
Novo Holdings, Danish bank fund VC:
Novo Holdings and the Export and Investment Fund of Denmark are
investing
€48 million into HealthCap IX, a Swedish venture fund. HealthCap plans to use the funding to open an office at the BioInnovation Institute in Copenhagen as well as invest in start-ups.
— Anna Brown
Bioxodes touts interim Phase 2a data:
The company’s tick-derived program, called BIOX-101,
succeeded
on the primary and secondary endpoints in a study for intracerebral hemorrhagic stroke. It’s now trying to fund a Series B, build up manufacturing capacity and launch a Phase 2b study, with a goal of starting the trial in the first half of 2027.
— Max Gelman
Tempus AI inks expanded deals with AstraZeneca, Pathos:
The companies
plan to develop
a multimodal foundation model in oncology. In return, Tempus is getting $200 million in fees. The company first linked up with AstraZeneca in 2021.
— Jaimy Lee