ImmunoNewco: The background story emerges

Just over six weeks ago, we broke the news that 5AM Ventures had plunked $3.3 million into a stealthy biotech it was calling ImmunoNewco, and a few weeks later speculated further that the startup might be engaged in a pharmacogenomic “rescue” of immune-modulating drugs acquired from the low-profile Danish biotech Borean Pharma.

NewLink Genetics raises $17M for cancer vaccine, drugs

NewLink Genetics, an Ames, Iowa, biotech working on cancer vaccines and drugs that modulate the immune system, has so far raised about $17 million in a third funding round. The company aims to raise another $8 million in the round for a total of $25 million, according to Nicholas Vahanian, the company’s chief medical and operating officer.