Amgen-partnered Immatics bags a $58M round to fund its first clinical steps on new T-cell tech for cancer
Back at the beginning of this year, Amgen stepped up with a billion-dollar smorgasbord of milestones to enlist Immatics in a campaign to create some next-gen, T-cell engaging bispecifics for cancer. And today Amgen came back to the table to help the biotech put together a $58 million round so it could move its first two in-house drugs through their initial paces in the clinic.
Immatics uses a platform tech dubbed Xpresident to identify the targets on cancer cells they want to zero in on. One of their leading programs is for IMA101, expanding specific endogenous T cells, which set out in Phase I in August. Just a few days ago, their close collaborators at MD Anderson launched a Phase I study of IMA201, Immatics’ TCR candidate that reengineers T cells to express an exogenous receptor — the adoptive cell therapy approach that has become famous in the wake of the first CAR-T approval.
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