Verseau Therapeutics raise $50 million to develop macrophages-targeted immunotherapies against cancer
Verseau Therapeutics has raised $50 million to develop antibodies that will target macrophages, defense cells of the immune system. Verseau has licensed lipid nanoparticle siRNA delivery technology from MIT labs to discover and validate novel targets. Veraeau has discovered that modulation of a cell adhesion molecule, PSGL-1, reprograms macrophages to pro-inflammatory cells generating an effective anti-tumor response. 3SBio comes as a strategic collaborator of Verseau and will receive exclusive license to develop and commercialize selected antibodies for cancer in Greater China area. The financing is backed by 20/20 HealthCare Partners, 3SBio, Alexandria Venture Investments, Highlight Capital, InHarv Partners Ltd., The Mark Foundation for Cancer Research and Yonghua Capital.
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