Novartis, Zurich University Spin-out Anaveon Tackles IL-2 Challenges With Fresh Funds
Syncona and Novartis Venture Fund have invested CHF35m in Anaveon, which reckons it can overcome the toxicity and half-life limitations of the cytokine interleukin-2 to enhance the body’s immune response to tumors.
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Emerging Company Profile: This is the first human study for lead product candidate THOR-707 and for the company's Expanded Genetic Alphabet platform, starting with a recombinant IL-2 that's being tested in solid tumors.
Clinigen's planned purchase of US rights to Proleukin will give it global ownership of the IL-2 drug.