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Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

San Diego’s Avalon Ventures led the Series A round, and has established Fortis at COI Pharma, the firm’s biotech incubator (which now houses 16 life sciences startups). Lilly Asia Ventures, Osage University Partners, and Vivo Capital joined in the deal, according to a statement from Avalon. 9/27/16, 2:09 p.m. Bregua Corp.,

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Avelas Biosciences Gains $7.65M For Tumor Visualization

socalTECH

San Diego-based Avelas Biosciences has raised $7.65M in a Series A funding round, which it says will go towards clinical studies for its technology for real-time tumor visualization. The funding came from Avalon Ventures. The firm's CEO is currently Jay Lichter, who is also a Managing Director at Avalon Ventures. READ MORE>>.

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Otonomy Raises $38.5M

socalTECH

The round was led by Novo Ventures and RiverVest Venture Partners, and also includes Domain Associates, TPG Biotech, and Avalon Ventures. The firm said the new fundings will go to support its programs through clinical studies. in a Series B financing.

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Otonomy Raises $10M

socalTECH

The round came from Avalon Ventures. According to Otonomy, the funding will go towards supporting the ongoing clinical trial for its compound, to initiate IND studies for a second compound, and early-stage development of a third program. Otonomy is headed by Jay Lichter, who is also a managing director at Avalon Ventures.

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Avelas Bio Raises $20M to Push Cancer-Illuminating Biologic Agent

Xconomy

and San Diego’s Avalon Ventures. Avalon Ventures founded Avelas, and has housed the startup with other Avalon biotech startups at its COI Pharmaceuticals R&D facility in San Diego. The Phase 1b study also determined a preferred dose for the next stage in the study. Carmine Stengone.

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UC San Diego Nobel Laureate Roger Tsien Dies at 64

Xconomy

The fluorescing proteins they created made it possible for scientists to study changes in living cells and other organisms, illuminating cellular acidity and gene expression, among other things. Various Fluorescing Proteins.

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Takeda Bases PvP Biologics Buyout on Promising Early Celiac Drug Data

Xconomy

The deal follows completion of a Phase 1 study evaluating the PvP drug. Takeda (NYSE: TAK ) acquired the company for an undisclosed amount up front, plus up to $330 million in payments based on development and regulatory milestones for PvP’s experimental celiac disease drug KUMA062 (now TAK-062).