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IDRx Looks To Challenge Standard-Of-Care Sunitinib In Second-Line GIST

 
• By Alaric DeArment

The company raised $120m in a series B funding round and plans to start a Phase III study of IDRX-42 next year. Scrip talked to IDRx’s execs about the company’s development strategy.

• Source: Shutterstock

IDRx, Inc is hoping to use its latest round of venture capital funding to advance its drug IDRX-42 to tackle a sarcoma subtype, gastrointestinal stromal tumor (GIST), that remains underserved despite targeted therapies being available for many years.

Key Takeaways

  • IDRx raised $120m in a series B round that it plans to use to advance its lead candidate, IDRX-42, into a pivotal trial next year.

The Plymouth, MA-based company said 7 August that it had raised $120m in a series B funding around to finance...

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Private Company Edition: Antares’ lead asset will enter the clinic in 2026 after Lilly committed up to $2.5bn for Scorpion’s Phase I/II PI3Kα inhibitor STX-478. Also, Amplify raised $200m for its first biotech VC fund and Mosanna raised an $80m series A round, among other financings.

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Finance Watch: Insmed Cashes In On Positive Data With $750m Offering

 
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