Just over a year old at the start of June 2011, Tesaro Inc. raised a Series B financing of $101 million. This largest biotech venture financing of the year has enabled the company to start building its oncology pipeline, starting with the December 2010 in-licensing of rolapitant, a Phase III-ready drug candidate for chemotherapy-induced nausea and vomiting.
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CEO Paul Stoffels said gaining US clearance for an IND for its novel CAR-T product was demanding, but now opens up a pathway towards a pivotal study starting in 2025.
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