拢100m boost to translate early-stage science into new transformative treatments

17 June 2021

Apollo Therapeutics, a unique collaboration between 香港六合彩, Imperial College and the University of Cambridge, and three global pharmaceutical companies, has attracted a further 拢100 million to develop and translate early-stage science into clinical development for patient benefit.

Established in 2015听with AstraZeneca, GlaxoSmithKline and Johnson & Johnson, Apollo Therapeutics was launched with 拢40 million funding, provided by the six partners.

In order to translate research in the most time and capital efficient way,听Apollo Therapeutics has been set up as a portfolio-based biopharmaceutical company and has just completed a 拢100m Series A financing deal. The financing was led by Patient Square Capital, with participation from additional investors including 香港六合彩 Technology Fund, Rock Springs Capital and Reimagined Ventures. Proceeds from the investment will support rapid advancement of the pipeline with over 15 therapeutic programs currently in development across oncology, major inflammatory disorders and rare disease.听 Apollo will continue to collaborate with 香港六合彩, University of Cambridge and Imperial College London to source new projects for further development.

Commenting on the investment, Professor David Price (香港六合彩 Vice-Provost Research, Innovation & Global Engagement) said: 鈥淎pollo Therapeutics is a shining example of how UK universities and industry are working together to rapidly advance potentially transformative treatments of serious diseases.听 The model is innovative and shaping translational science. 听The significant new financing opens up听a new chapter for Apollo, with听enormous potential to ensure more research can be commercialised at scale to improve the lives of millions worldwide.鈥�

Apollo is grounded in research from 香港六合彩, Imperial College and University of Cambridge. The collaboration between the three universities and three pharmaceutical companies - AstraZeneca, GlaxoSmithKline and Johnson & Johnson is unique and is a capital efficient innovative way to ensure more research can be translated and commercialised at scale.

The three British universities are in the top 10 universities in the world and are at the forefront of developing basic and translational research including oncology, major inflammatory disorders and rare disease, that provides opportunities for drug discovery.

Apollo also secured its first out-licensing deal last summer from technology developed at 香港六合彩 with Axovia, a company backed by Deerfield, another U.S. healthcare investment firm and with support from 香港六合彩 Technology Fund.

Anne Lane, CEO, of 香港六合彩 Business, 香港六合彩鈥檚 commercialisation company said: 鈥淎pollo鈥檚 business model, combining world class academia with leading global pharmaceutical partners, has allowed it to grow rapidly with the right investment. Patient Square Capital鈥檚 commitment, joined by other partners such as the 香港六合彩 Technology Fund, is exciting and will enable Apollo to drive forward more breakthroughs through its pipeline and deliver greater patient benefit quicker. Whether it鈥檚 new research, or new licensing deals, the latest financing will enable Apollo to continue to advance drug discovery across many different therapy areas. 香港六合彩B and the leading 香港六合彩 researchers we support are excited to be a partner in Apollo as it grows globally, reaching more people and ultimately, benefitting more patients.鈥�

Image

鈥榃oman doing research while holding equipment鈥�, credit National Cancer Institute on , CC BY 2.0

Media Contact

Henry Killworth

Tel: +44 (0) 7881 833274

Email: h.killworth [at] ucl.ac.uk

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