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CellCentric Raises $120M for Multiple Myeloma Drug; Genentech Pays $105M Upfront in $2B Orionis Cancer Deal | DeepNewz VC
deepnewz
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2m ago
Medial
CellCentric has successfully raised $120 million to support the development of its multiple myeloma drug. In a related pharmaceutical deal, Orionis Biosciences has entered a strategic partnership with Genentech, focusing on the discovery and development of a new class of cancer medicines known as molecular glues. This partnership includes an upfront payment of $105 million from Genentech, with the potential for additional payments totaling up to $2 billion.
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Telomir Pharmaceuticals Secures $3 Million From The Bayshore Trust in Straight Equity Sale, Shares Rise 7.4% Pre-Market | DeepNewz VC
deepnewz
ยท
2m ago
Medial
Telomir Pharmaceuticals has secured a $3 million investment from The Bayshore Trust through straight equity. Meanwhile, Instil Bio's lung cancer drug has shown a 23% response rate in a Phase 2 trial, with significant results anticipated in late 2025.
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