IP Group Affiliate Artios Raises $115M to Advance Cancer Drug Pipeline

Reuters11-17
IP Group Affiliate Artios Raises $115M to Advance Cancer Drug Pipeline

IP Group plc affiliate Artios has announced an oversubscribed $115 million Series D financing round. The funding will accelerate clinical programs for its potential first-in-class ATR inhibitor alnodesertib in pancreatic and colorectal cancer, and initiate a Phase 2 trial for its Polθ inhibitor ART6043 in breast cancer. The financing was co-led by SV Health and new investor RA Capital Management, with participation from Janus Henderson Investors and existing investors.

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