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Stock impact report

Venture firms pour $101M into a biotech using the brain to fix the immune system [Yahoo! Finance]

Repare Therapeutics Inc. - Common Shares (RPTX) 
Company Research Source: Yahoo! Finance
Having closed a nine-figure fundraising round, a newly launched biotechnology company hopes to rewire the immune system with drugs aimed at a special kind of nerve cell. Nilo Therapeutics debuted Wednesday , equipped with $101 million from a Series A financing that was co-led by the venture capital firms DCVC Bio, Lux Capital and The Column Group. Alexandria Venture Investments and the Gates Foundation also contributed to the round. The fresh money, according to Nilo, will go toward growing the biotech's research and development team, advancing its preclinical drug programs, and establishing laboratories in New York City. Nilo formed through a collaboration between The Column Group and three Ivy League scientists — Charles Zuker, of Columbia University; Ruslan Medzhitov, of Yale University; and Stephen Liberles, of Harvard University. Last year, the journal Nature published research out of Zuker's lab, which identified a “body-brain” circuit that helps control the immune system Show less Read more
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