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Volastra Therapeutics In-Licenses Clinical Stage KIF18A Inhibitor

$60 million Series A financing to support clinical development of portfolio of KIF18A inhibitors and programs targeting chromosomally unstable cancers.

Volastra Therapeutics, a clinical stage cancer biotechnology company focused on exploiting chromosomal instability (CIN), announced completion of the in-license of Amgen’s sovilnesib (AMG650), an oral, first-in-class small molecule inhibitor of KIF18A. The company has also closed a $60 million Series A financing led by founding investors Polaris Partners and ARCH Venture Partners alongside Eli Lilly and Company. Also participating were Droia Ventures, Catalio Capital Management, Vida Ventures...

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