Hookipa raises $60M to fund immunotherapy R&D; Roche bags Ionis option for $45M; Regeneron fights back against Novartis' Eylea rival
→ Hookipa Biotech has raised $60 million (€50 million) in an oversubscribed Series C round to help push its lead program, a vaccine for infections caused by a genus of viruses called cytomegalovirus, through Phase II clinical trials. The new round was led by an unnamed blue chip U.S. public invenstment fund, and was joined by Gilead as a strategic investor. Other new investors include HBM Partners, Hillhouse Capital, and Sirona Capital. Hookipa already had several existing investors on board including Boehringer Ingelheim’s venture arm and Takeda Ventures, which participated in the round. Other than the cytomegalovirus program (called HB-101), the Vienna-based company is also hoping to take its therapy for head and neck squamous cell carcinoma to Phase I trials. Hookipa plans to expand its tech platform into other disease areas, including prostate cancer.
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