Tilting at vaccines giants, SutroVax fuels up on a $170M-plus quest to vault past the world's best-selling vaccine
A little biotech tilting against giants in the global vaccines business has just lined up an $85 million round to back their clinical quest aimed at conquering the pneumococcal conjugate vaccine business. And they’ve added crossover investors — as well as a world-famous vaccines honcho — in the round as they continue to plot out a risky path forward into a mega-blockbuster market.
GlaxoSmithKline’s ex-vaccines chief Moncef Slaoui is coming on board as chairman of SutroVax as the Foster City, CA-based biotech pushes past the $170 million mark on fundraising. All that money, plus everything to come, is riding on the belief that the Sutro spinout has reliable tech that can whip up a first-in-class product that conjugates a big cluster of antigens to site-specific locations on a protein carrier without hobbling T-cell helpers, building a better vaccine the giants can’t touch.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.