Genocea Gets An Injection Of Capital As Early-Stage Studies Progress
This article was originally published in The Pink Sheet Daily
The vaccine developer tapped investors for a third round of financing as its lead programs begin clinical trials.
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Although cancer grabs the spotlight for harnessing the immune system against tumors, other therapeutic areas and modalities are being developed in the shadows. Genocea Biosciences thinks it has a surefire way to identify novel antigens for T-cell vaccines. It hopes to shake up large infectious disease markets, and more.
Having raised $61 million in its February IPO, Genocea hopes 2015 will be another transformative year for the company, as it expects Phase II data for its herpes simplex virus vaccine, a potential first-in-class product.
Do high biotech share prices portend stock-heavy deal-making in lieu of all-cash transactions? Also, Biogen shares the risk with Eisai in an Alzheimer’s deal, while newly public Genocea and cell therapy specialist NeoStem both teamed with Harvard researchers.