Bristol Myers backs Pathios as part of $25 million Series B
British oncology start-up Pathios Therapeutics has raised $25 million in the first close of a Series B financing, including a new strategic investment from Bristol Myers Squibb (NYSE: BMY).
The company is focused on the development of first-in-class therapies for cancer, and also has the backing of investors including Canaan and Brandon Capital.
Money from the fundraise will be used to support the continued development of Pathios' work in immuno-oncology, focused on the inhibition of GPR65, a novel target that has been genetically associated with a range of immunologically-mediated diseases.
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