Immunocore impresses with $75m series C

Jan 18, 2021 • Edison Fu

The Eli Lilly and Wuxi AppTec-backed oncology drug developer has raised the money from new and existing backers, and will use the cash to boost its product pipeline.

Immunocore, a UK-based immunotherapy developer backed by pharmaceutical firms Eli Lilly and WuXi AppTec, has secured $75m in a series C round led by an unnamed returning investor.

The round included accounts and vehicles for investment management firm BlackRock as well as undisclosed existing backers. In addition, Oxford Finance supplied $100m in debt financing.

Founded in 2008 by immunotherapy provider MediGene, Immunocore is working on T-cell receptor (TCR)-based drugs, which introduce modified white blood cells in the immune system in…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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