Astellas Venture Management invests in Crescendo's Humabody antibody fragment project

16 December 2014

UK-based antibody therapeutics specialist Crescendo Biologics has received another equity investment from Astellas Venture Management to support the discovery and development of new Humabody antibody fragment therapeutics in oncology.

AVM, the venture capital arm of Japanese drug major Astellas Pharma (TYO: 4503), has previously invested in Crescendo’s £19 million ($30 million) Series A fundraising. The financial details of this latest deal were not disclosed.

The new investment will help fund the Humabody therapeutics, directed at immune checkpoint inhibitors, which have been identified as a promising target class for new cancer immunotherapies.

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