Finance Roundup: Tizona, Aspyrian Raise VC Cash; Two Biotechs Ready IPOs

Immuno-oncology and targeted cancer therapies, especially when backed by seasoned drug development teams, continue to attract keen venture capital interest, as Tizona Therapeutics Inc. and Aspyrian Therapeutics Inc. demonstrated recently.

South San Francisco-based Tizona closed a $43m Series B round co-led by Canaan Partners and Abingworth to take its immuno-oncology candidates into the clinic, while Aspyrian in San Diego garnered $40m in Series B cash from a Japanese e-commerce mogul to move its precision therapeutic into late-stage head and neck cancer studies

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