Rene Russo (Alicia Petitti for Xilio)

Ex ni­hi­lo: Take­da leads $100M+ round to fund biotech's sneak at­tack on tu­mors, pro­pelling new IL-2, CT­LA-4 drugs to clin­ic

Since emerg­ing out of stealth in 2018 with $30 mil­lion in launch mon­ey from At­las and F-Prime, Akre­via has kept a rel­a­tive­ly low pro­file, ham­mer­ing away at its plat­form tech­nol­o­gy to de­sign im­munother­a­pies with all their po­ten­cy but lit­tle of their side ef­fects. With an of­fi­cial CEO in place for al­most a year — and now a new name — the biotech is ready to step up with an­oth­er $100.5 mil­lion to bring its two lead com­pounds in­to the clin­ic.

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