Oxford spinout grabs $9M A round for peptide platform; bluebird gets a 'breakthrough' at the FDA
→ An Oxford spinout has nabbed about $9 million in a Series A round designed to allow the university founders to industrialize their peptide discovery and development platform. Professors Graham Ogg and Terry Rabbitts started Orbit Discovery and say they already have three pharma partners for the biotech upstart. Oxford Sciences Innovation led the round, joined by new investors RT Ventures, Borealis Ventures, Perivoli Innovations, along with further investment from all existing investors and Oxford University. “We’ve been very successful in delivering on Orbit’s strategy, leading to growth in both capability development and commercial collaborations,” commented Alex Batchelor, CEO at Orbit. “This Series A funding allows us to greatly expand platform industrialisation whilst achieving the milestones in our existing three pharma partnerships. Moreover, we can support further strategic collaborations that align with development of our platform.”
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