Aduro BioTech, Inc. announced today that it has completed an equity financing primarily from its current investors and has secured an investment of $6.5 million.
In 2012, Aduro had several notable accomplishments:
–Early completion of enrollment of a randomized, controlled Phase 2 trial of the sequential administration of two cancer vaccines, Aduro’s CRS-207 and GVAX Pancreas Cancer Vaccine, in patients with metastatic pancreatic cancer
–Initiation of a Phase 1B trial of CRS-207 in patients with malignant pleural mesothelioma
–Initiation of a new preclinical program based on cyclic dinucleotides (CDNs), which are potent immune modulators with broad application in both therapeutic and prophylactic vaccines
“We are very pleased with the rapid progress we have made in the past year, ” said Stephen Isaacs, chairman and chief executive officer of Aduro. “This financing will help fund further execution and expansion of Aduro’s targeted immunotherapy development efforts.”
About Aduro BioTech, Inc.
Aduro BioTech, Inc. has three interconnected and complementary vaccine platforms that provide breadth and depth in developing vaccines for cancer, infectious diseases and biodefense: (a) live, attenuated Listeria monocytogenes, (b) GVAX and (c) cyclic dinucleotides (CDNs). The company’s lead program is a randomized, controlled Phase 2 clinical trial of the sequential administration of Listeria-based CRS-207 and GVAX Pancreas in patients with metastatic pancreatic cancer. In addition, the company is conducting a Phase 1B trial with CRS-207 in patients with malignant pleural mesothelioma. The company is also evaluating the synergistic combination of CDNs and GVAX in preclinical tumor models. Moreover, the company’s pipeline also includes preclinical programs in glioblastoma, prostate cancer, malaria, HBV and tularemia.
Contact:
Aduro BioTech, Inc.
Steven Bodovitz, Ph.D., +415-336-2700
sbodovitz@adurobiotech.com
Please note that this piece of work originally appeared in English at https://www.vcnewsdaily.com/Aduro%20BioTech/venture-funding.php. As Investocracy aims to bring global startup news and updates in both English and Japanese to you, it’s important that we attribute original source to you. If you have any questions/concerns please write to us at contact@investocracy.co
Singapore has always had a progressive healthcare system with prioritizing innovative solutions to the existing…
A Ponzi scheme is a fraudulent investment scheme that aims to give its investors high…
According to the Global Prop tech Survey, 2019 published by KPMG one of the key…
In April 2016, the world witnessed one of the biggest information leaks in history, consisting…
Silent Eight a global technology company that helps combat money laundering and terrorism financing using…
Indian startup Gully Network Retail Pvt Ltd, a retail-tech startup focused on providing services to…
Leave a Comment