Beyond DMD, Summit Aims For Top With Novel Antibiotics
While investors will be keeping a close eye on the 48-week read-out of the Phase II trial of Summit Therapeutics’ utrophin modulator ezutromid in patients with Duchenne muscular dystrophy, expected in the third quarter, the Oxford, UK-based biotech is increasing its interest in novel antibiotics. Company CEO Glyn Edwards caught up with Scrip at the 2018 Biotech Showcase and outlined how Summit intends to take on both DMD and develop narrow spectrum antibiotics against new targets in challenging pathogens such as Clostridium difficile.
You may also be interested in...
Private investors, including Japanese e-commerce mogul Hiroshi Mikitani, backed a $150m Series C round for Rakuten Aspyrian and its photoimmunotherapy platform. Also, pharma-backed therapeutic video game developer Akili boosts Series C to $68m, and Summit garners additional BARDA funding.
Cambridge, UK-based Healx has concluded a $56m series B round, led by Atomico, to put up to 50 potential rare disease treatments into the clinic within two years using its AI/ML platform.
Tapping into the ability of arenaviruses to deliver prolonged local immune activation, rapid regression of localized and metastatic cancers, and long-term disease control, Essen, Germany-based start-up Abalos Therapeutics has raised €12m to advance its lead candidates towards clinical testing.