Backed by partners at Pfizer, eFFECTOR brings its VC total to $150M as PhII cancer trial looms
With a big assist from its Big Pharma collaborator Pfizer, San Diego-based eFFECTOR Therapeutics has now added a $38.5 million round to pay for a Phase II program to test the combination of its oral immuno-therapy drug with avelumab (Bavencio) — Pfizer and Merck KGaA’s PD-L1 checkpoint inhibitor.
The round completes a series of moves by eFFECTOR, which has moved from preclinical tests to check on the potential of a combo to early-stage monotherapy work to test the drug in a small group of cancer patients. Pfizer had agreed to share the costs of the coming Phase II trials with eFFECTOR, and Pfizer Venture Investments took the lead on the new round, which brings its total raised to $150 million.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.