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Finance Watch: Pandion's $55m Series A Funds Localized Bispecifics For Autoimmune Diseases

 
• By Mandy Jackson

Pandion, led by former Pfizer SVP Anthony Coyle, launched in 2017 to exploit immuno-oncology advances for autoimmune and inflammatory diseases; the firm's Series A follows a record-breaking year for biopharma venture capital. In public company financings, AveXis and others seek cash to fuel R&D.

Finance Watch

Pandion Therapeutics Inc. raised a $58m Series A venture capital round to fund the development of bispecific antibodies for tissue-specific treatment of autoimmune and inflammatory diseases based on advances in the immuno-oncology arena.

Cambridge, Mass.-based Pandion launched in 2017 with the idea of creating novel therapies for autoimmune diseases that provide localized immunomodulation rather than the immunosuppression caused by approved therapies for the targeted indications

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