Companies in the News

eFFECTOR Enters Into Agreement with Pfizer Inc. to Develop Novel First-in-Class Inhibitors of eIF4E

SAN DIEGO, Jan. 09, 2020 (GLOBE NEWSWIRE) — eFFECTOR Therapeutics, Inc., a leader in the development of selective translation regulators (STRs) for the treatment of cancer, and Pfizer Inc. (NYSE: PFE) today announced an exclusive worldwide license and collaboration agreement to develop small-molecule inhibitors of eukaryotic initiation factor 4E (eIF4E), a key oncogenic driver located downstream from both the RAS and PI3K signaling pathways. eIF4E is an effector protein that is activated in a variety of human cancers and is linked to poor prognosis and resistance to certain therapies. Under terms of the agreement, eFFECTOR will receive a $15 million payment upfront, and will be eligible for

Omniome Closes $60 Million Series C Financing to Advance Novel Genomic Sequencing Platform

Company Raises $145 Million in Eighteen Months to Complete Development and Early Commercialization of Breakthrough DNA Sequencing Platform SAN DIEGO—January 9, 2020 – Omniome, Inc., developer of an innovative DNA sequencing platform capable of delivering unsurpassed sequencing accuracy, today announced it has raised an additional $60 million with the completion of its Series C financing. The funding round was led by Madrone Capital Partners. Current investors include ARCH Venture Partners, Decheng Capital, Domain Associates, Biomatics Capital Partners, Altitude Life Sciences Ventures, Nan Fung Life Sciences and others. The company, which raised $60 million in financing in mid-2018, will util

Indigo closes $200M financing to support continued growth of its platforms, including Indigo Grain M

Indigo raises an additional $200M, comprised of $175M in convertible equity and $25M in debt, bringing its total capital raised to approximately $850M. Since its last financing round in September 2018, Indigo has launched and expanded its key business lines–including Indigo Grain Marketplace, Indigo Carbon, and Indigo Transport–to de-commoditize agriculture. The new capital will support the continued global development of Indigo Grain Marketplace, an ecommerce platform for direct grain transactions, as well as Indigo Carbon, a market providing farmers with a financial incentive to enrich their soils while addressing climate change. Boston, Massachusetts, January 7, 2020 – Indigo Agriculture,