Protocols

Adaptimmune raises $106M for pipeline work; KaloBios chief says biotech is on track for Chagas drug filing

Cameron Durrant

→ Matrix Capital Management has scooped up $42 million worth of Adaptimmune stock $ADAP, paying a slight premium for the block of shares. “We are delighted to welcome Matrix to our shareholder base through a purchase of 7 million ADSs, which raises a further $42 million to add to the $62 million raised in our public offering, which closed last week,” says CEO James Noble.

→ Australia’s Novogen $NVGN is dropping a preclinical therapy after concluding that it didn’t have much of a future. It’s now cutting its headcount by an unspecified number and focusing on its clinical efforts.

→ KaloBios CEO Cameron Durrant says the company is still on track with its development plans for benznidazole for Chagas disease. The biotech $KBIO plans to file its IND in May and, with the FDA’s approval, use existing data to help with an NDA filing in early 2018.


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