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Israeli Startup Ayala Taking BMS Cancer Drug Into Phase II With $17m Financing

 
• By Lucie Ellis-Taitt

Ayala Pharma, which launched in late 2017, has raised $17m via a series A financing round to propel its lead precision cancer therapy into Phase II – an asset it licensed from Bristol-Myers Squibb.

Israeli Flag in Jerusalem, israel
Emerging Israeli biopharma flies flag for ex-BMS cancer therapy

Ayala Pharma, an Israeli oncology company built around targeted cancer therapies licensed from Bristol-Myers Squibb Co., has raised $17m to take its lead asset into Phase II trials.

The emerging company, based in Rehovot, was founded in December 2017 and is backed by local investors Israeli Biotech Fund...

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