ARTICLE | Finance
VCs back Celleron spinout with €37M to develop former Roche asset for rare joint disorder
November 19, 2020 8:27 PM UTC
A European VC syndicate shared Celleron’s belief that a single-asset start-up was the best place to develop emactuzumab, an asset the U.K. biotech obtained after Roche deprioritized it in 2018.
The group supplied €37 million ($43.9 million) to launch SynOx Therapeutics Ltd., which intends to conduct a pivotal study of the mAb targeting CSF1R to treat tenosynovial giant cell tumors (TGCT), a rare non-cancerous, non-metastatic disorder that affects the joints...
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