Arix Bioscience PLC has added a developer of novel antibody-drug conjugates to its oncology portfolio by co-leading a $50m Series A investment round for privately-held VelosBio Inc and taking an 11.2% stake in the US-based next-generation oncology group.
Incubator Addition: Arix CIO On Why Fund Added VelosBio To Portfolio
Incubator fund Arix Bioscience has expanded its start-up portfolio to 15 by co-leading a series A financing for - and taking an equity stake in – antibody-drug conjugate specialist VelosBio. CIO Joe Anderson explains why.
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