David de Graaf, Abcuro CEO (Photo: Partners Innovation Fund)

Abcuro will take an an­ti-KL­RG1 an­ti­body in­to the clin­ic with new fund­ing, and has big plans for an­oth­er

A lit­tle over two years af­ter pulling in its first Se­ries A raise, au­toim­mune dis­ease and can­cer play­er Abcuro has some more cash to play with.

The New­ton, MA-based biotech com­plet­ed what it’s call­ing a Se­ries A-1 fundrais­ing round, net­ting $42 mil­lion to ad­vance two an­ti­bod­ies that tar­get KL­RG1 in the hopes of mod­u­lat­ing cy­to­tox­ic T and NK cells. Abcuro’s raise gives it a lit­tle over two years of run­way, CEO David de Graaf told End­points News, and enough fund­ing to run two clin­i­cal tri­als for a lead an­ti­body and pre­pare its sec­ond an­ti­body for IND stud­ies.

Endpoints News

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