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Incubator Addition: Arix CIO On Why Fund Added VelosBio To Portfolio

 
• By Sten Stovall

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.

Growth
VelosBio Now Readying For Launch Trials In cancer cell-targeting ADCs • Source: Shutterstock

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.

Joe Anderson, Arix's chief investment officer, noted in an interview that the addition of ADC discovery and development in the...

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