Ottimo Pharma raises over $140 million

19 December 2024

Privately-held biotech Ottimo Pharma today announces the completion of a Series A financing round of over $140 million.

The financing will accelerate its lead asset, jankistomig, a first-in-class PD1/VEGFR2 bifunctional antibody for multiple solid tumor indications, in both IV and SC forms as well as a pipeline of follow-on bifunctional assets.

Ottimo, co-founded by Medicxi and Jonny Finlay, emerged from stealth in October 2024. It is advancing IND-enabling studies for lead molecule jankistomig, with a planned IND filing in late 2025.

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