Former Johnson & Johnson (NYSE: JNJ) executives have teamed up to launch a new biotech company, Third Ark Bio, with significant investor backing.
The company has raised $165 million in Series A funding and plans to focus on multifunctional antibodies against solid tumors and inflammatory diseases.
Founded in 2022, Third Arc Bio received initial funding from Omega Funds and has since advanced multiple programs that are expected to enter clinical trials in early 2025.
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Chairman of Sanofi-Aventis UK
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