NYU Langone Health spins off therapeutics startup in $30M deal

New York City-based NYU Langone Health has spun off a cancer therapeutics company thanks to a $30 million investment in the startup.

Advertisement

Aethon Therapeutics launched Jan. 9 with $25 million in funding from venture capital firm Apple Tree Partners and another $5 million from funders including NYU Langone Health, which has equity in the company. Aethon aims to create novel antibodies that overcome drug resistance by boosting immunity and identifying and eliminating cancer cells.

“We are excited to be part of new efforts in the field to improve and extend the effects of targeted therapy and prevent resistance and relapse,” said Shohei Koide, PhD, a researcher at NYU Langone Health’s Perlmutter Cancer Center and an inventor of Aethon’s drug discovery platform, in a Jan. 9 Aethon news release. “By uniting immunotherapy and targeted therapy in this way, we hope to amplify the power of both.”

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Innovation

Advertisement

Comments are closed.