Leading the Way in Life Science Technologies

GEN Exclusives

More »

GEN News Highlights

More »
Jan 9, 2012

BerGenBio Raises $8.8M to Advance Axl Kinase Inhibitor Drug Into Clinical Trials

  • Norwegian-owned BerGenBio completed an $8.8 million Series A financing round, primarily to take lead cancer compound BGB324 into clinical trials and to develop a companion diagnostic.

    BGB324, the oncology biopharma’s first-in-class Axl kinase inhibitor drug, is the first of a pipeline of oncology therapeutics planned for clinical development through to Phase II, in partnership with industry leaders.

    BGB324 inhibited tumor development in preclinical acute myelogenous leukemia models, according to data presented at the annual American Society for Hematology conference. BerGenBio also presented data showing that inhibition of Axl blocks the epithelial-mesenchymal transition in cancer cells and has potential to delay or prevent metastasis, overcome and even reverse acquired resistance to chemotherapy and possibly prevent cancer recurrence.

    Lead investors are the Norwegian seed capital fund Sarsia Seed and Investinor, a Norwegian-government-owned venture investment company.


Related content


GEN Jobs powered by HireLifeScience.com connects you directly to employers in pharma, biotech, and the life sciences. View 40 to 50 fresh job postings daily or search for employment opportunities including those in R&D, clinical research, QA/QC, biomanufacturing, and regulatory affairs.
More »

Be sure to take the GEN Poll

What Does Brexit Mean for Biotech?

Do you agree with the contention that Brexit will NOT have a long-term negative impact on the British biotech industry?

More »