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Finance Watch: Landos Raises $60m Series B Round Ahead Of Phase II Data In 2020

 
• By Mandy Jackson

If Landos goes public late next year, its financing strategy will align with venture capital and IPO trends observed in a new Jefferies report. Also, D&D Pharmatech raises $137.1m in VC cash, Sonnet secures up to $100m and the CF Foundation commits up to $15m to Arcturus.

Finance Watch
Jefferies anticipates that a big surge in IPOs can be expected starting next year. • Source: Shutterstock

Landos Biopharma Inc. announced a $60m series B venture capital financing on 13 August to keep the development plan for its rapidly progressing oral drug candidate BT-11 for inflammatory bowel disease (IBD) moving forward.

Phase II clinical trials in ulcerative colitis (UC) and Crohn's disease are underway after a Phase I study in healthy...

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