Aprea Banks $51m Series B To Tackle 'Holy Grail' Of Oncology

Aprea AB, which is targeting the "holy grail" of anticancer research – the p53 tumor suppressor protein – and has the former head of oncology drug discovery of Bristol-Myers Squibb as its executive chair, has raised SEK 437m ($51m) in a series B financing.

Aprea AB, which is targeting the "holy grail" of anticancer research – the p53 tumor suppressor protein – and has the former head of oncology drug discovery of Bristol-Myers Squibb as its executive chair, has raised SEK 437m ($51m) in a series B financing.

The transaction sees former majority shareholder Karolinska Development drop its stake from 62% to around 19% via the conversion of...

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Interim results from the Phase III REMARK study presented at WCLC showed the Chinese company’s second-generation ALK/ROS1 inhibitor met its primary endpoint as a first-line therapy in ALK-positive advanced NSCLC.