iPierian raises $30m to target tau, spin out complement program
This article was originally published in Scrip
South San Francisco-based iPierian raised $30m in private financing to prepare its monoclonal antibody targeting the tau protein for clinical development and to fund a series A round for the new company True North Therapeutics, which will develop iPierian's monoclonal antibody that selectively inhibits the classical complement pathway for the treatment of rare diseases.
You may also be interested in...
Bioverativ revealed its first transaction since spinning out from Biogen with the acquisition of True North for $400m plus up to $425m in milestone payments. The deal gives Bioverativ a clinical asset, helping to fill the gap between preclinical programs and commercial products in its R&D pipeline.
Public Company Edition: It has been almost a month since a biopharma firm launched an IPO in the US, but special purpose acquisition corporations continue to take drug makers public, including Alvotech and Aerami. Outside the US, MaaT closed an IPO in Paris and BeiGene priced a Shanghai offering.
Bristol became a major hematology player through its acquisition of Celgene and it has a multi-pronged plan for maintaining its position as generics approach for Revlimid and other key products.