Lodo Therapeutics has been launched by investment firm Accelerator Corporation with series A capital from investors including AbbVie, Eli Lilly, Wuxi PharmaTech, Pfizer, IBM and Johnson & Johnson.
Life sciences investment firm Accelerator Corporation has launched a US-based small molecule developer called Lodo Therapeutics with a $17m series A round backed by its investment syndicate, including several corporates.
The corporate investors were pharmaceutical companies AbbVie, Eli Lilly and Company, WuXi PharmaTech, Pfizer and Johnson & Johnson, the latter two of which took part through their Johnson & Johnson Innovation – JJDC and Pfizer Venture Investments subsidiaries, and computing company IBM, which invested through its Watson Fund.
Alexandria Venture…
