AdoRx raises $10M for adenosine program in cancer; Molecular Partners poaches Regeneron, recruiting Pamela Trail as CSO
→ A day after iTeos raised $75 million to accelerate its research plans on an adenosine program for cancer, a new rival has sprung up in Scotland. AdoRx has raised $10 million from Epidarex Capital and CRT Pioneer Fund, after getting some seed cash together for a launch last year. CEO Peter Finan is a partner at Epidarex and has senior-level experience handling research at the Novartis Institutes for BioMedical Research.
→ Molecular Partners has raided Regeneron’s oncology team for its new CSO. Pamela Trail, who served most recently as Vice President of Oncology Strategy and Program Direction at Regeneron, is taking the job. Current CSO Michael T. Stumpp, meanwhile, is moving over to the COO position.