Kymab Receives $40 Million Investment From Gates Foundation and Wellcome Trust - Pharmaceutical Technology

Latest Issue
PharmTech

Latest Issue
PharmTech Europe

Kymab Receives $40 Million Investment From Gates Foundation and Wellcome Trust



Kymab, a monoclonal antibody biopharmaceutical company, has raised $40 million in a Series B financing. The Bill & Melinda Gates Foundation joins existing investor, the Wellcome Trust, each investing $20 million.

The funds will enable Kymab to increase the potential of its kymouse platform and advance its pipeline of therapeutic human monoclonal antibodies in areas of unmet medical need. Kymab will also collaborate with the Gates Foundation and its partners on vaccine antigen discovery R&D with a focus on malaria and HIV. Recent data published in Nature Biotechnology demonstrates that the kymouse technology yields an antibody library constituted from 100 trillion different antibodies, in which rare high-quality antibodies can be selected and developed into therapeutics.

In addition, Kymab will pursue a limited number of collaborations to identify and develop therapeutic antibodies in a range of diseases. Kymab has also developed Kymab Access, a program that enables academic researchers to pursue the discovery and development of novel human monoclonal antibody therapeutics and vaccines by partnering with Kymab and its kymouse antibody technology.

Source: Kymab

ADVERTISEMENT

blog comments powered by Disqus
LCGC E-mail Newsletters

Subscribe: Click to learn more about the newsletter
| Weekly
| Monthly
|Monthly
| Weekly

Survey
What role should the US government play in the current Ebola outbreak?
Finance development of drugs to treat/prevent disease.
Oversee medical treatment of patients in the US.
Provide treatment for patients globally.
All of the above.
No government involvement in patient treatment or drug development.
Finance development of drugs to treat/prevent disease.
27%
Oversee medical treatment of patients in the US.
14%
Provide treatment for patients globally.
8%
All of the above.
41%
No government involvement in patient treatment or drug development.
11%
Jim Miller Outsourcing Outlook Jim MillerCMO Industry Thins Out
Cynthia Challener, PhD Ingredients Insider Cynthia ChallenerFluorination Remains Key Challenge in API Synthesis
Marilyn E. Morris Guest EditorialMarilyn E. MorrisBolstering Graduate Education and Research Programs
Jill Wechsler Regulatory Watch Jill Wechsler Biopharma Manufacturers Respond to Ebola Crisis
Sean Milmo European Regulatory WatchSean MilmoHarmonizing Marketing Approval of Generic Drugs in Europe
FDA Reorganization to Promote Drug Quality
FDA Readies Quality Metrics Measures
New FDA Team to Spur Modern Drug Manufacturing
From Generics to Supergenerics
CMOs and the Track-and-Trace Race: Are You Engaged Yet?

Click here