Adcendo Extends Series A Financing to €98M

 

Adcendo ApS, a biotech company specializing in revolutionary antibody-drug conjugates (ADCs) for treating cancers with significant medical needs, has announced the successful completion of a second round of Series A extension financing. This funding has raised a total of 98M EUR, with an additional 16M EUR led by Dawn Biopharma, a platform controlled by KKR. Existing investors such as Novo Holdings, Ysios Capital, RA Capital Management, HealthCap, Gilde Healthcare, and Pontifax Venture Capital also participated in this financing. As part of the investment, Iyona Rajkomar, Managing Partner at Dawn Biopharma, will join the Adcendo Board of Directors.


With this funding, Adcendo aims to strengthen the development of its groundbreaking ADC pipeline assets and expand the development strategy for its leading uPARAP program, targeting soft tissue sarcoma and other mesenchymal cancers. Moreover, the funds will be utilized to advance the discovery-stage of additional first-in-class ADC pipeline assets towards Development Candidate Nomination and beyond.


More Information : https://www.techdogs.com/tech-news/pr-newswire/adcendo-aps-announces-extension-of-series-a-financing-to-eur-98m-to-further-bolster-its-first-in-class-adc-pipeline

Comments

Post a Comment

Popular posts from this blog

Aon Unveils $350M Program for Ukraine Recovery

Image
  Aon plc, a prominent global professional services firm, has unveiled a groundbreaking $350M insurance program in collaboration with the U.S. International Development Finance Corporation to enhance insurance capabilities and drive new capital investment for economic recovery in Ukraine. As a major player in the Ukrainian market, Aon has spearheaded a comprehensive $50M reinsurance facility, in partnership with DFC and the Ukraine Ministry for Development of Economy and Trade, to facilitate the issuance of on-the-ground war risk policies for businesses in Ukraine. Additionally, Aon and DFC have jointly developed a $300M war risk insurance program tailored for Ukraine's health care and agriculture sectors. Eric Andersen, president of Aon, emphasized the importance of protecting capital through this innovative program with the U.S. International Development Finance Corporation to stimulate investment in Ukraine during a critical period. The initiative aims to bolster the local insur
Read more

TECNO CAMON 20 Premier 5G and PHANTOM V Flip 5G Secure German Design Awards 2024

Image
TECNO, the innovative technology brand, has earned acclaim at the German Design Awards 2024 for its CAMON 20 Premier 5G and TECNO PHANTOM V Flip 5G. These recognitions underline TECNO's commitment to design innovation and its "Go Premium" strategy. The CAMON 20 Premier 5G's industry-first CAMON PUZZLE Deconstructionist Design, challenging traditional aesthetics, secured the Excellent Product Design Winner award. Meanwhile, the PHANTOM V Flip 5G, featuring a circular outer screen and unique design language, received a Special Mention of Excellent Product Design. TECNO's General Manager, Jack Guo, expressed honor and emphasized their dedication to transforming technology into a lifestyle statement through imaginative design. The awards highlight TECNO's fusion of cutting-edge technology and aesthetic brilliance, setting a new standard in smartphone design.   More Information : https://www.techdogs.com/tech-news/pr-newswire/tecno-camon-20-premier-5g-and-phan
Read more

Lion Energy Unveils 10W Solar Panel for Portable Power

Image
  Lion Energy, a company specializing in safe, quiet, and environmentally responsible power solutions for achieving energy independence, has introduced the Lion 10W Solar Panel. This solar panel is compact, lightweight, inexpensive, and designed to fit comfortably in a backpack. The panel weighs 8.3 ounces and measures 7.8" x 14.5", making it suitable for activities in remote locations without access to typical power sources such as camping, backpacking, biking, and family outings to amusement parks. "The Lion 10W solar panel, designed and engineered in the United States with top-tier support, can effortlessly charge a phone and other small devices on-the-go, providing power wherever your travels lead you," stated Tyler Hortin, president of Lion Energy. Everyone own a phone that they utilize daily and must ensure it is charged. This solar panel is an excellent method to achieve that goal. We believe that all individuals will gain advantages from this panel. This p
Read more