Industry heavyweights back new T cell research in Philadelphia

24 July 2024

Former executives at Johnson & Johnson (NYSE: JNJ) have teamed up to launch a new biotech company, Third Arc Bio, with significant backing from investors.

The company will focus on multifunctional antibodies for solid tumors and inflammatory diseases, using $165 million in series A financing to get started.

Founded in 2022, Third Arc Bio received initial funding from Omega Funds and has since progressed multiple programs set to enter the clinic in early 2025.

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