CatalYm closes 50 million-euro Series C financing
Munich, Germany-based clinical-stage biotech CatalYm said today it has successfully closed a 50 million-euro ($49 million) Series C financing round.
The proceeds will be used to will support the Phase II expansion of its lead candidate, visugromab, a humanized monoclonal antibody engineered to neutralize the tumor-produced Growth Differentiation Factor-15 (GDF-15).
This expansion is based on convincing efficacy and durability results in advanced, last-line patients in Phase I and continued positive clinical responses in the ongoing GDFATHER-2 trial (GDF; Antibody-mediaTed Human Effector cell Relocation Phase II).
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