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Kura launches with $60m to revive Janssen's tipifarnib

 
• By Mandy Jackson

Kura Oncology raised $60m in a private placement and plans to complete a reverse merger into a public company to support Phase II clinical trials for tipifarnib, a drug for which Johnson & Johnson's Janssen subsidiary suspended development in multiple cancer indications in 2008.

Kura Oncology raised $60m in a private placement and plans to complete a reverse merger into a public company to support Phase II clinical trials for tipifarnib, a drug for which Johnson & Johnson's Janssen subsidiary suspended development in multiple cancer indications in 2008.

San Diego-based Kura is run by veterans of the PI3K inhibitor pioneer Intellikine, which Takeda acquired for up to $310m...

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