The news roundup for the week ending 23 September 2016.
Big deal: Relay Therapeutics shapes $57m series A
Relay Therapeutics emerged last week with $57m in funding to support the development of cancer therapies based on a new understanding of how protein molecules undergo changes.
Saxony and Belarus look to collaborate
Oliver Wehner, members of Saxony’s parliament, is hopeful the state can form close ties with Belarus when it comes to technology transfer.
Michigan University’s Mints fund has backed a $10m series C round led by Boston Scientific for medical device producer Securus.
Imperial responds to $32.2m Artios series A
Imperial Innovations, AbbVie Ventures and Merck Ventures are among the backers of the Cancer Research UK spinout that is working on cancer therapies.
The capital included a $46m equity round backed by Tudag and High-Tech Gründerfonds, and took the solar film spinout’s total financing to $160m.
Deal net: 19 – 23 September 2016
The Global University Venturing deal net rounds up all the latest smaller deals and tracks emerging companies accessing government funds.
