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Argos passes on IPO and raises $25m Series D to fund personalized cancer immunotherapy

 
• By Mandy Jackson

Rather than pursue an initial public offering this year, personalized cancer immunotherapy developer Argos Therapeutics raised $25 million in a Series D financing round to fund its Phase III ADAPT clinical trial for AGS-003 in metastatic renal cell carcinoma (mRCC) through mid-2013 when it will have interim data to support additional venture capital investment, an IPO or a partnership.

Rather than pursue an initial public offering this year, personalized cancer immunotherapy developer Argos Therapeutics raised $25 million in a Series D financing round to fund its Phase III ADAPT clinical trial for AGS-003 in metastatic renal cell carcinoma (mRCC) through mid-2013 when it will have interim data to support additional venture capital investment, an IPO or a partnership.

Alongside its funding announcement on 24 April, Durham, North Carolina-based Argos said the company obtained fast-track status from the US FDA for AGS-003 in mRCC. The new funding gives Argos...

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