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Venture Funding Deals: ADC Therapeutics, Unity Biotech Raise $100m-Plus

 
• By Deanna Kamienski, Beth Allan, Maureen Riordan, and Steven Muntner

ADC Therapeutics and Unity Biotechnology close $100m-plus VC rounds, while Carrick comes close with a $95m debut. Derived from Strategic Transactions, Informa’s premium source for tracking life sciences deal activity, the Venture Funding Deals column provides a comprehensive monthly review of emerging biopharmaceutical companies that have received venture funding. This month’s column covers deals announced in September and October 2016.

Cancer company Achilles Therapeutics Ltd. has launched with a £13.2m ($16.9m) Series A round provided by CRT Pioneer Fund, UCL Technology Fund, and company founders Syncona LLP, Cancer Research UK’s Cancer Research Technology (CRT), UCL Business and the Francis Crick Institute. (Oct.)

Achilles will design cancer therapies using technology exclusively licensed from Cancer Research UK pertaining to truncal neo-antigens, which are protein markers present on all cancer cells but not on healthy cells, and unique to each patient and each cancer type. Truncal mutations occur in healthy cells before the cells divide and grow into cancer cells

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