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Immatics $58m Series E To Fund T-Cell Receptor-Based IO Therapies

 
• By Sten Stovall

The clinical-stage biopharma's latest financing of $58m will be used to progress its immunotherapy pipeline and proprietary platform, bringing its funding to date to just over $230m.

Targets
Immatics To Use Series E Funds To Progress Multi Targeted Therapies • Source: Shutterstock

Immatics GmbH will use the $58m raised in a Series E financing to progress adoptive cell therapy clinical trials for its two lead assets, support proof of principle efforts for its novel bispecific T-cell receptor candidates, and advance its proprietary drug discovery platform, the company's chairman told Scrip.

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