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ASCO Data Are Catalyst For CatalYm Cash Boost

 
• By Kevin Grogan

The German biotech has unveiled a $150m series D financing round to support a “broad Phase IIb development program for visugromab” and explore its potential to induce cancer remission depth and durability across multiple solid tumor indications.

Phil L'Huillier
Phil L'Huillier • Source: Catalym

An impressive readout at the American Society of Clinical Oncology meeting in Chicago last month for its lead asset visugromab has proved to be a big financial inflection point for CatalYm GmbH.

The German immuno-oncology specialist, founded in 2016, has completed a $150m series D financing, with the oversubscribed round led by new investors Canaan Partners and Bioqube Ventures. They were joined...

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