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HomeUSATRIO Pharmaceuticals Completes $3.1M Financing Round
USA


TRIO PHARMACEUTICALS COMPLETES $3.1M FINANCING ROUND



By FinSMEs

-

December 3, 2024
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TRIO Pharmaceuticals, a San Diego, CA-based biotechnology company pioneering
bispecific antibodies for the treatment of cancer, raised $3.1M in funding.

The round was led by Friedman Bioventure Fund (FBVF). Othe investors included
Multiple Myeloma Research Foundation (MMRF), through its venture philanthropy
arm, the Myeloma Investment Fund (MIF).

The company intends to use the funds to accelerate its journey towards clinical
trials.

Led by CEO Dr. Reiner Laus, Trio Pharmaceuticals is a cancer immunotherapeutics
company developing bispecific antibodies for the treatment of cancer with
potency and selectivity. Its antibody drugs directly stop tumor growth without
affecting normal cells and selectively stop immunosuppression in the tumor
without targeting the current immune checkpoint pathways.

The company is developing a proprietary platform of dual-action tumor
immunity-enhancing drugs aimed at treating cancers of high unmet medical needs
by targeting specific antigens on the cancer cells and immunosuppressor cells.

FinSMEs

03/12/2024

 * Tags
 * Friedman Bioventure Fund
 * Multiple Myeloma Research Foundation
 * Myeloma Investment Fund
 * TRIO Pharmaceuticals


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