GlycoEra secures $130M funding to advance autoimmune protein degrader therapies
GlycoEra, a biotech startup specializing in protein degraders and spun out of LimmaTech, has raised $130 million in Series B funding to advance into clinical trials.
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Protein Degrader
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Bristol Myers Acquires Orum Therapeutics' Blood Cancer Therapy for $180M
Bristol Myers Squibb has acquired an antibody-drug conjugate (ADC) asset from Orum Therapeutics for $100 million upfront. The ADC attaches a protein degrader to an antibody, offering a different approach to the technology compared to traditional chemotherapy or cytotoxic drugs. The asset has already been cleared by the FDA for Phase I testing in acute myeloid leukemia and high-risk myelodysplastic syndromes. Bristol Myers may potentially pay an additional $80 million in milestone payments for the asset.