Closing in on another mega-raise, UK biotech star Immunocore grabs $40M investment from Gates Foundation
As reports circulate that the British biotech star Immunocore is in the final leg of pulling together another mega-raise, the executive crew at the TCR company has lined itself up for a $40 million investment from the Gates Foundation to fuel an expansion into infectious disease R&D while tackling an incredibly elusive target.
While Immunocore is known primarily for its work using soluble T cell receptors and combining them with antibody fragments to create new cancer therapies, part of the second wave of new tech coming in behind CAR-T, the foundation is using its cash to point Immunocore to one of the Holy Grails in HIV research — eliminating the reservoir of virus that lies hidden and dormant inside patients’ cells whose disease is kept under wraps by the cocktail therapies that make up a multibillion dollar market. Gates’ investment is also funding a program for tuberculosis.
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