UK AIM- and US NASDAQ-quoted Mereo BioPharma Group PLC has raised $70m (£56m) from US investors, saying it will start a Phase Ib trial with etigilimab, its anticancer TIGIT inhibitor, in the fourth quarter of 2020, and seek a partner for its Phase III-ready lead product setrusumab for treatment of osteogenesis imperfecta.
Mereo BioPharma Details Anti-TIGIT Study And Attracts US Investors
Raises $70m In Private Placement
Mereo BioPharma’s completed private placement in the US will support clinical studies of its candidate immuno-oncology product etigilimab and a later-stage anti-sclerotin antibody product with potential in the treatment of brittle bone disease.
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