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CDR-Life Raises $76m To Develop Next-Generation T-Cell Engagers

Completes Series A

 
• By Ayisha Sharma

The Swiss biotech has raised an impressive series A round which will go towards the development of T-cell engagers based on its unique technology, with an eye to reducing off-tumor activity.    

CDR-Life Is Hoping To Form More Partnerships • Source: Alamy

CDR-Life Inc has completed a $76m series A financing to advance its pipeline of novel immuno-oncology candidates aiming for traditionally challenging targets while reducing off-tumor effects.

The round was co-led by Jeito Capital and RA Capital Management with Omega Fund Management acting as a third investor. Proceeds will be used to push CDR-Life’s lead candidate, CDR404, through to clinical proof-of-concept and further expand the firm’s pipeline using its proprietary M-gager technology

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