Chondrial bags a $22M A round for mitochondrial R&D; Ariad filed marketing app for brigatinib
• Deerfield has taken the lead on a $22.6 million Series A for Chondrial Therapeutics, a Bala Cynwyd, PA-based biotech with a focus on rare mitochondrial diseases. The biotech in-licensed CTI-1601 for the treatment of Friedreich’s Ataxia from Indiana University Research and Technology Corp. and Wake Forest University Health Sciences. Carole Ben-Maimon was named CEO.
• Ariad says that it has submitted a marketing application for brigatinib with the EMA. The cancer drug, which figured prominently in Takeda’s $5.2 billion buyout deal, is already under review at the FDA, where it faces an April 29 PDUFA date.
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