Swiss Biotech Anokion Raises $40 Million in Series B Round

Date : 09/11/2019 @ 4:24PM
Source : Dow Jones News
Stock : Celgene Corporation (CELG)
Quote : 108.24  0.0 (0.00%) @ 12:00AM

Swiss Biotech Anokion Raises $40 Million in Series B Round

Celgene (NASDAQ:CELG)
Historical Stock Chart

6 Months : From Aug 2019 to Feb 2020

Click Here for more Celgene Charts.

By Colin Kellaher

 

Swiss biotechnology startup Anokion SA on Wednesday said it raised $40 million in a Series B financing at an undisclosed valuation, bringing total equity and partner capital to more than $160 million.

Anokion, which is developing technology for retraining white blood cells to induce therapeutic immune tolerance, also said it has acquired Kanyos Bio Inc., adding KAN-101, a treatment for celiac disease, to its portfolio.

Existing investors Versant Ventures, Novartis Venture Fund and Novo Ventures participated in a round, along with Celgene Corp. (CELG), which formed a collaboration with Anokion in early 2017.

Anokion's lead product, ANK-780, is an antigen-specific treatment for multiple sclerosis. The company said it expects to have ANK-780 and KAN-101 in clinical development within the next 12 months.

Kanyos was formed in 2015 through a collaboration with Anokion and Astellas Pharma Inc. (4503.TO), at which time Astellas made an equity investment in the company. Anokion and Astellas mutually ended the collaboration last year, and Kanyos has been operating as an independent company since then.

 

-Brian Gormley contributed to this article.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

September 11, 2019 12:09 ET (16:09 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest CELG Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.