Friday, 21 February 2020

Calidi Biotherapeutics raises funds from 2 Korean firms

22 January 2020 | News

The investment efforts were led by Heehyoung Lee, Ph.D., co-founder and managing partner of LumeBio, advisor to Calidi Biotherapeutics

image credit- businesswire.com

image credit- businesswire.com

US based Calidi Biotherapeutics, Inc., a clinical‐stage immuno-oncology company at the forefront of cell-based oncolytic virus immunotherapies for cancer has announced Series A investments from two South Korean firms to advance manufacturing in preparation for Calidi's pre-IND and IND filings.

The investment efforts were led by Heehyoung Lee, Ph.D., co-founder and managing partner of LumeBio, advisor to Calidi Biotherapeutics and a fifteen-year veteran in the biopharmaceutical space. Dr. Lee facilitated the relationships between Calidi Biotherapeutics and the South Korean investment firms: Won & Partners and Greentable Co., Ltd.

“We are excited to grow Calidi Biotherapeutics and further our mission to bring lifesaving treatments to cancer patients.” said Allan Camaisa, CEO of Calidi Biotherapeutics. “Dr. Lee and Lumebio have been instrumental in helping us close out our series A raise. This funding will allow us to continue advancing our manufacturing processes as we prepare our pre-IND and IND package for Supernova 1 (SNV1c), a tumor-selective vaccinia virus combined with allogeneic adipose-derived mesenchymal stem cells (AD-MSC). We are excited to advance this asset into the clinic to target multiple cancer types.”

“The promise of oncolytic viral therapy has yet to be fulfilled,” said Heehyoung Lee, Ph.D., “Calidi's unique allogeneic stem cell delivery platform utilizing adipose tissue will revolutionize the field of oncolytic viruses.”

Dr. Lee previously held positions at Hanmi Pharmaceuticals, Sorrento Therapeutics, and City of Hope. Upon completing her Ph.D. in Pathology & Molecular Medicine in 2002, Dr. Lee received the American Heart Association Fellowship and held a postdoctoral position at Moffitt Cancer Center. Dr. Lee became an Assistant Professor at City of Hope, where she focused on tumor immunobiology and cancer. She led the seminal findings in linking lipid metabolism to JAK-STAT-driven cancer, which is published in Nature Medicine and Nature Reviews Cancer. Her extensive background also includes global strategic planning and alliance management with Sanofi, Genentech, and Eli Lilly.

Sign up for the editor pick and get articles like this delivered right to your inbox.

Editors Pick
+Country Code-Phone Number(xxx-xxxxxxx)


Comments

× Your session has been expired. Please click here to Sign-in or Sign-up
   New User? Create Account