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UK's T-Therapeutics Raises Almost $60m Despite Tough Funding Environment

 
• By Kevin Grogan

CEO Allan Bradley tells Scrip that “we're at the very beginning of what I believe will be an explosion of TCR-based therapeutics” and his start-up hopes to take a leading position.

Allan Bradley
Allan Bradley • Source: T-Therapeutics

The biotech sector may be in the middle of a rough patch when it comes to financing but a start-up from Allan Bradley’s laboratory at Cambridge University called T-Therapeutics, which has the ambitious goal of making T-cell receptor (TCR) biologics a reality, has managed to raise a very impressive sum.

The world-renowned expert in the monoclonal antibody and mouse engineering fields has unveiled a £48m ($59m) series A financing led by Sofinnova Partners, F-Prime Capital, Digitalis Ventures and Cambridge Innovation Capital (CIC) with participation from Sanofi Ventures and the University of Cambridge Venture Fund

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