TORL takes funds for its ADC pipeline beyond $350 million
Los Angeles, USA-based TORL BioTherapeutics, a biotech focused on discovering and developing antibody-based immunotherapies, has closed an oversubscribed $158 million Series B-2 financing.
This brings the total raised to date by the five-year-old company to more than $350 million.
"TORL is well-positioned to succeed in this rapidly growing approach to treating cancer"Proceeds from the Series B-2 financing will be used to continue the clinical development of TORL-1-23, the firm’s first-in-class ADC to treat CLDN 6+ tumors, through Phase I and a pivotal Phase II trial that will start in the second half of 2024.
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