J&J and Sanofi-partnered oral delivery biotech raises $26M on latest offering
According to an SEC filing Tuesday, i2o Therapeutics raised $26 million in a private stock offering.
The Harvard spinout started out in April 2020 with $4 million in seed funding led by Sanofi Ventures and JDRF T1D Fund. Then, less than a year later, Sanofi returned for a partnership with i2o, centering around the oral delivery of nanobody-based drugs.
And earlier this year, i2o inked another big pharma pact — this time with J&J’s Janssen. But instead of nanobody-based drugs, the J&J collaboration focuses on the oral delivery of macromolecules.
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