Merck KGaA spinout gets first funding to bring dual-acting cancer molecules into the clinic
Two and a half years after launch, Merck KGaA spinout iOnctura is getting its first major round of funding.
The oncology startup raised €15 million ($16.6 million) to put its lead drug into the clinic and get its second drug past IND-enabling tests. INKEF Capital and VI Partners co-led the round and were joined by the biotech’s longtime backer M Ventures, an arm of Merck KGaA, and Schroder Adveq.
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