Immunocore raises $320 million in private funding

16 July 2015

UK biotechnology company Immunocore on Thursday said it has secured private financing worth $320 million (£205 million) from investors including US drug-major Eli Lilly (NYSE: LLY) and UK-based asset manager Neil Woodford’s eponymous firm Woodford Investment Management.

This was described as Europe’s largest private life sciences financing.

The Oxford-based company, in a statement said the funds will be used to accelerate its pipeline of Immune mobilising mTCR Against Cancer (ImmTACs), a novel T-cell receptor drug. ImmTACs have the potential to treat a broad range of solid tumors.

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