Connecting to LinkedIn...

W1siziisijiwmtuvmdqvmtuvmdgvntqvmzgvnzi1l01ptlrbu0hfqkxpr19vtljftkrfukvex0lnqudfx3jlc2l6zwrfyw5kx3jlbmrlcmvklmpwzyjdlfsiccisinrodw1iiiwimtkymhgxmjuwiyjdxq

Blog

Seattle biotech firm Kineta raises $1.6 million to boost its battle against disease

10/07/2014 by

W1siziisijiwmtqvmtavmjgvmtuvmzmvnduvmjy5l2zpbguixsxbinailcj0ahvtyiisijywmhg0mdbcdtawm2uixv0

Kineta, a Seattle-based biotech startup, has raised an investment round worth almost $1.6 million from existing investors in the company. The investment will be used to fund continued development of the drugs that the company is working on.

“This new raise comes from existing investors and shows confidence in what the Kineta team is doing and in the progress we are making on our pipeline,” a company spokesperson said in an email to GeekWire.

In addition to the cash infusion, Kineta is slated to start proof-of-concept clinical trials this fall to show if its lead compound, known as ShK-186, is effective in treating psoriasis and psoriatic arthritis. If the trials are successful, that would bring the company closer to getting its compound approved to treat those conditions.

The news comes a month after the company announced it is teaming up with the Seattle Children’s Research Institute to form the Alliance for Children’s Therapeutics, a group that is investigating how ShK-186 can be used to treat autoimmune diseases in children, including lupus nephritis.

Kineta has raised more than $40 million since it began operating in 2008. Last year, the company received an infusion of cash from RLB Holdings, a company that has a partial stake in the New York Yankees, and is managed by former Glencore oil trader Ray Bartoszek.

This article has been extracted from http://www.geekwire.com, please click on this link to read the article in full http://www.geekwire.com/2014/kineta-raises-1-5-million-boost-biotech-efforts/

Montash is a multi-award winning, global IT recruitment firm. Specialising in permanent and contract positions across mid-senior appointments which cover a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Scientific Technologies, Demand IT and Business Engagement, Digital and E-commerce, Infrastructure and Service Delivery, Project and Programme Delivery.

With offices based in London, Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid-management in permanent and contract roles.

comments powered by Disqus

Social Stream

Latest News

W1siziisijiwmtcvmdcvmtgvmdgvndcvmduvntu5l2jpz3n0b2nrluv4b3rpyy1qyxjhzglzzs1ucmf2zwwtvg91cmktmtc2mju4ndm3lmpwzyjdlfsiccisinrodw1iiiwimzgwedewmcmixv0

Getting Ready to Switch Off

2017-07-17 09:00:00 +0100

According to research by online travel company Expedia, just 53% of workers come back feeling rested after they’ve been on holiday. When you bring work-related stress on holiday with you, you’re never going to be able to truly switch off. So if you've got a summer holiday coming up, what should you do to switch off and unwind? Before you leave... Plan ahead As soon as you know when your last day of work is, make a plan. You don't want to get to that fin...

W1siziisijiwmtcvmdyvmzavmtyvmtgvmjavmtg5l3nodxr0zxjzdg9ja182njkxody3mdkuanbnil0swyjwiiwidgh1bwiilcizodb4mtawiyjdxq

In Her Shoes... SAP Contracting

2017-07-03 09:00:00 +0100

In IT, being a freelancer is very common; due to the nature of project work or other life commitments. SAP is an area in which a quality freelancer can really thrive. We sat down with one of our SAP freelancers, who has 20 years' experience, to find out more about SAP and working under a contract employment model. "After getting a degree in computing, I started my career as a training assistant, but I've always liked to fix things. I used to fix my own ...