AvidBiologics completes VC financing round

Guest Contributor
October 14, 2014

Toronto-based AvidBiologics Inc has closed a financing round to move its antibody-drug conjugate (ADC) technologies into clinical trials. The privately held firm — a 2011 spinout from YM BioSciences Inc — secured an unspecified amount of financing from Lumira Capital (lead), MaRS Investment Accelerator Fund, MaRS Innovation, Rosseau Asset Management and the company's founding investors. The firm's ADC therapeutics target solid tumors being developed in partnership with Western Univ, University Health Network and National Research Council....

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