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-0.000781860828772462 0.00156372165754492 0 0.0125097732603597 0.00742767787333846 0.071931196247068 0.146207974980453 0.141125879593432
Stock impact report

Merida launches with $121m to target autoimmune antibodies [Yahoo! Finance]

Immunovant, Inc. (IMVT) 
Company Research Source: Yahoo! Finance
The financing round was co-led by Bain Capital Life Sciences, BVF Partners, and Third Rock Ventures, with participation from GV and Perceptive Xontogeny Venture (PXV) Funds. The biotech is advancing a proprietary protein engineering platform to develop fragment crystallisable (Fc)-based biologics that selectively bind and eliminate pathogenic antibodies while sparing healthy components of the immune system. Merida's therapeutics also aim to deplete the B cells responsible for producing the harmful antibodies. Merida's lead programme will focus on Graves' disease, an autoimmune condition that causes the thyroid to overproduce hormones, resulting in hyperthyroidism. The company is positioning its candidate as a more targeted alternative to antithyroid drugs (ATDs), which while being standard of care (SOC), often fail to provide adequate disease control. The company claims its approach could offer a more convenient dosing schedule and an easier route of administration compared to Show less Read more
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