Fusion Pharmaceuticals Inc, a spin out of the Centre for Probe Development and Commercialization (CPDC), has secured US$25 million in series ‘A’ financing to support and accelerate development of new next-generation therapeutics that precisely target cancer cells. The funding round is led by Johnson & Johnson Innovation – JJDC Inc, and includes investments from HealthCap, TPG Biotechnology Ventures, Genesys Capital and founding seed investor, the Fight Against Cancer Innovation Trust (FACIT). Fusion’s lead program — FPX-01 0151 — leverages alpha particle-emitting technology combined with monoclonal antibodies to target cancer cells with reduced damage to normal tissue and fewer side effects. The company’s platform is based on radiolabelling technologies developed by CPDC, a Centre of Excellence for Commercialization and Research. The financing will also help Toronto-based Fusion build a pipeline through development of its recently acquired centryin-based targeting technology program which is now in preclinical development.
Research Money News
Applied Research & Economic Recovery - Third Edition Is Here!
The booklet “Applied Research Supports Economic Recovery” contains stories and messages from colleges and institutes across Canada, including details of leading-edge student projects, state-of-the-art facilities available for use by industry and innovative solutions being co-created by students, faculty and companies.Read More
Conference Proceedings 2019
The proceedings from the 18th Annual RE$EARCH MONEY Conference are now available. Catch up on anything you missed or re-visit the most interesting conference moments with in-depth coverage from Tim Lougheed. Download the proceedings now (free).Read More
Building with CCNB-INNOV… Relationships that go a Long Way! CCNB-INNOV, the applied research and development arm of CCNB has adapted its range of services to better meet the unique needs of the regional shipbuilding industry.
|Applied PeR$pectives is a new monthly blog dedicated to highlighting the innovative work being done in the college and institute community.|
Fast Policy Facts
|December 12, 2018: Requiem for a National Network Program
Trending by Topic
Research Money welcomes its readers to submit articles of either 650 or 1,000 words for its popular Opinion Leader page, on topics of interest to the research and innovation community. We also welcome Letters to the Editor and other feedback. If you would like to submit an article or if your organization has news or events that it would like to appear in Research Money please contact the Managing Editor (email@example.com) for further information.
- Government of Canada
- National Research Council
- Canadian Institutes of Health Research
- Canada Foundation for Innovation
- Natural Sciences and Engineering Research Council
- Natural Resources Canada
- University of Toronto
- Univ of Toronto
- University of Calgary
Research Money on Twitter
- Loading tweets...