🚀 Exciting News in the Biotech Sphere! 🚀
In an impressive stride for cancer therapy innovation, Clasp Therapeutics announced its launch this Wednesday, boasting a formidable $150 million in Series A financing. Situated in the key biotech hubs of Cambridge, Massachusetts, and Rockville, Maryland, Clasp Therapeutics is embarking on a mission to revolutionize the landscape of cancer treatment.
This startup is not just another name in the vast sea of biotech. With heavyweight investors like Novo Holdings, Third Rock Ventures, Catalio Capital Management, and support from the American Cancer Society’s philanthropic fund among others, Clasp stands out with its ambition to develop a portfolio of next-generation immunotherapies. These therapies are designed to be both personalized and readily available, targeting the most challenging tumors with precision and efficacy.
At the helm of Clasp Therapeutics is CEO Robert Ross, a figure well-known in the oncology field for his leadership at Surface Oncology Inc. before its acquisition and his impactful work at bluebird bio. Under his guidance, Clasp is delving into the potential of T cell engagers (TCEs), an emerging and promising approach in cancer treatment. Unlike conventional methods, Clasp’s TCEs aim to minimize off-target effects by targeting peptides presented by specialized HLA molecules on cancer cells, thus enabling a more precise attack on tumors.
This innovative approach offers the dual benefits of personalized therapy's efficacy with the convenience and quicker treatment times of off-the-shelf options. It's a game-changer in oncology, promising to bring Clasp’s pioneering candidates to the clinic soon for early proof-of-concept data. As the biotech landscape continues to evolve, Clasp Therapeutics is undoubtedly a company to watch, heralding a new era of cancer treatment with its groundbreaking work.
#Biotech #Innovation #CancerTherapy #ClaspTherapeutics #Immunotherapy
BCBN Feed: Surface Oncology CEO Rob Ross returns, with new $150M-backed startup
https://lnkd.in/gvn66dMs The new immuno-oncology company is co-located in Cambridge and Rockville, Maryland, is backed by a $150 million Series A round led by Catalio Capital Management, Third Rock Ventures and Novo Holdings. ... [...]
Surface Oncology CEO Rob Ross returns, with new $150M-backed startup
Partner at Seroba.
2wHuge congrats to all the Shorla team, expertly led by Sharon and Orlaith.