UT Austin-founded Kyn Therapeutics has been backed by Celgene in a strategic pact that also includes a $80m non-equity payment, giving Celgene the right to license two programs.

Kyn Therapeutics, a US-based developer of immunometabolic cancer drugs spun out from University of Texas (UT) at Austin, today secured funding from pharmaceutical company Celgene as part of a strategic partnership. Founded in 2016, Kyn Therapeutics is working on cancer drugs that will target interactions between organism-sustaining metabolic processes and the immune system, a group…

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