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GSK-Backed Sitryx Launches With Six Immunometabolism Eggs In Its Basket

 
• By Eleanor Malone

GlaxoSmithKline, SV Health Investors and Sofinnova are among the backers of a new Oxford-based biotech which has raised $30m in series A financing and boasts a strong line-up of academic founders. CEO Neil Weir outlines Sitryx's raison d'etre.

Wicker basket with six brown eggs. Isolated on white. Clipping path included.

Chemical assets from GlaxoSmithKline PLC and target biology insights from high-profile academic founders form the basis for new company Sitryx, which has been launched with $30m in series A funding. Focused on developing disease-modifying treatments for autoimmune/inflammatory conditions and cancer, it is working on six early-stage projects to target immunometabolic pathways with small-molecule candidates. The company sprang out of the Immunology Network set up at GSK by Paul Peter Tak, who last month left the company after seven years and who is a co-founder of Sitryx.

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