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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.

"With this financing we'll have raised since our founding in 2000 just over $230 million," said Peter Chambré, who besides being Immatics’ chairman is also chair of various life sciences and healthcare companies as well as for Cancer Research’s commercialization arm, Cancer Research Technology Ltd. (CRT)

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