Finance Watch: Pandion's $55m Series A Funds Localized Bispecifics For Autoimmune Diseases

Pandion, led by former Pfizer SVP Anthony Coyle, launched in 2017 to exploit immuno-oncology advances for autoimmune and inflammatory diseases; the firm's Series A follows a record-breaking year for biopharma venture capital. In public company financings, AveXis and others seek cash to fuel R&D.

Finance Watch

Pandion Therapeutics Inc. raised a $58m Series A venture capital round to fund the development of bispecific antibodies for tissue-specific treatment of autoimmune and inflammatory diseases based on advances in the immuno-oncology arena.

Cambridge, Mass.-based Pandion launched in 2017 with the idea of creating novel therapies for autoimmune diseases that provide localized immunomodulation...

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