News ( Year: 2020 )

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21 September, 2020

Ally Bridge Portfolio News – Illumina to Acquire GRAIL to Launch New Era of Cancer Detection

September 21, 2020 Accelerates Commercialization and Adoption of Transformative Multi-Cancer Screening Test with Potential to Detect More Cancers Earlier and Enable Better Outcomes Adds Multi-Disciplinary Team and Capabilities Harnessing the Power of Next-Generation Sequencing (NGS), Population Scale Clinical Studies, and Machine Learning to Address One of Medicine’s Greatest Challenges Brings Significant New Growth Opportunities in […]

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21 August, 2020

Ally Bridge Portfolio News – Bayer and Hua Medicine announce commercialization agreement

August 17, 2020, Beijing and Shanghai, China Bayer and Hua Medicine announce commercialization agreement and strategic partnership for investigational first-in-class novel diabetes treatment dorzagliatin in China Investigational first-in-class glucokinase activator, with a novel mode of action, focused on fixing the glucose sensor and restoring glucose homeostasis for Type 2 diabetes mellitus (“T2DM”) patients, with sustained […]

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21 August, 2020

Ally Bridge Portfolio News – Biotechs Tap Growing U.S. Government Support for Alzheimer’s Research

Federal funding for dementia and Alzheimer’s studies has surged, as venture funding focuses on other diseases Aug 20, 2020 Wall Street Journal Alzheon Inc. will be holding Phase 3 clinical trials of its oral drug ALZ-801 after receiving $47 million from the National Institute on Aging, part of the National Institutes of Health. Biotechnology companies […]

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30 July, 2020

Ally Bridge Portfolio News – Cerevel Therapeutics and Arya Sciences Acquisition Corp II Announce Business Combination, Creating a Publicly Listed Leader in Neuroscience Drug Development

July 30, 2020 07:00 AM Eastern Daylight Time BOSTON–(BUSINESS WIRE)–Cerevel Therapeutics, Inc. (“Cerevel Therapeutics”), a company dedicated to unraveling the mysteries of the brain to treat neuroscience diseases, and Arya Sciences Acquisition Corp II (Nasdaq: ARYBU) (“Arya II”), a special purpose acquisition company or SPAC, sponsored by Perceptive Advisors, today announced they have entered into […]

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7 July, 2020

Ally Bridge Portfolio News – Unum Therapeutics Inc. Announces Acquisition of Kiq LLC

CAMBRIDGE, Mass. and PHILADELPHIA, July 6, 2020 /PRNewswire/ — Unum Therapeutics Inc. (“Unum”) (NASDAQ: UMRX), a biopharmaceutical company focused on developing therapies for solid tumors, today announced it has completed the acquisition of Kiq LLC (“Kiq”), a privately held, biotechnology company focused on the discovery and development of precision kinase inhibitors. Concurrent with the acquisition of Kiq, Unum entered into a […]

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2 July, 2020

Ally Bridge Portfolio News – Goldfinch Bio Secures $100 Million in Series B Financing

Proceeds Support Advancement of Lead Product Candidates GFB-887 and GFB-024 Through Three Clinical Proof-of-Concept Readouts Oversubscribed Round Includes Public Healthcare Funds June 30, 2020 08:00 AM Eastern Daylight Time CAMBRIDGE, Mass.–(BUSINESS WIRE)–Goldfinch Bio, a clinical stage biotechnology company focused on discovering and developing precision medicines for the treatment of kidney diseases, today announced the closing […]

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20 June, 2020

Ally Bridge Portfolio News – Hua Medicine Successfully Completes SEED (HMM0301), Dorzagliatin’s Phase III Monotherapy Trial

June 18, 2020, Shanghai, China Hua Medicine (the “Company”, Stock Code: 2552.HK), a leading innovative drug development company focused on developing novel therapies for the treatment of diabetes, today announced topline results from SEED (also known as HMM0301), the first Phase III trial with dorzagliatin. Dorzagliatin is a first-in-class glucokinase activator administered orally, twice daily. […]

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9 June, 2020

Ally Bridge Portfolio News – World Premiere for Quantum Surgical’s Medical Robot at Montpellier University Hospital

Montpellier, France, June 8, 2020 – On June 4, 2020, Professor Boris GUIU and his team at Montpellier University Hospital (France) successfully treated a 56-year-old patient with liver tumor using Quantum Surgical’s medical robot. Quantum Surgical, an innovative surgical robotic company founded in 2017, developed its robot in record time thanks to a highly talented […]

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21 May, 2020

Ally Bridge Group Leads US$150 million Financing for Three U.S. Companies Amidst the COVID-19 Pandemic, Bringing Total Ally Bridge-led Private Life Science and Healthcare Investments to US$650 million over the Last 24 Months

NEW YORK and HONG KONG, May 21, 2020 /PRNewswire/ — Ally Bridge Group (“ABG”), a leading global life science investment group, has announced that it led three investments in the U.S. — two medtech and one telehealth — in April, 2020 amidst the COVID-19 pandemic. Each of the three companies is a commercial-stage leading innovator re-setting the standard of care […]

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21 May, 2020

Ally Bridge Portfolio News – Rapid Micro Biosystems Raises $120 Million to Accelerate Global Expansion of Contaminant Testing Platform for Pharmaceutical and Vaccine Manufacturing

Proceeds will enable the company to meet growing demand for its automated microbial detection platform, currently used by a majority of the top 20 global biopharmaceutical companies, and support new product development for pandemic response. Global investor syndicate is led by Ally Bridge Group, joined by Endeavour Vision, and existing investors including Bain Capital Life […]

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