Tessa Therapeutics Closes USD 80 Million Financing Round Led by Temasek

Food and Healthcare Press Releases Wednesday December 20, 2017 08:20
SINGAPORE--20 Dec--PRNewswire/InfoQuest
  • Proceeds to be used to further develop Tessa's advanced solid tumor immunotherapy pipeline
  • Funding round reinforces Tessa's position as an emerging leader in cellular immunotherapy with the vision of bringing transformational change to cancer therapy

Tessa Therapeutics , an international clinical stage biopharmaceutical company focusing on T cell therapy for solid tumors, today announced the completion of a USD 80 million financing round led by Temasek, an investment company headquartered in Singapore, and joined by EDBI, Karst Peak Capital, Heliconia, Heritas and other investors.

Andrew Khoo, co-founder and CEO of Tessa Therapeutics, commented: "We are very pleased with the success in this financing round which validates our work and continued progress in the development of Tessa's Virus Specific T cell platform technology and clinical pipeline. Tessa plans to expand its global presence and advance next generation cellular therapies targeting a wide range of cancer indications."

Tessa will use the proceeds from this funding round to further advance its clinical pipeline and to bring new therapies, based on the company's Virus Specific T cell (VST) platform, into clinical trials.

Tessa's VST technology is showing compelling results in the treatment of solid tumors. The company is currently conducting a multi-center Phase III trial targeting nasopharyngeal cancer and a Phase I trial targeting cervical cancer and oropharyngeal cancer.   In recent years, Tessa has built robust operational and supply chain capabilities allowing the company to effectively deliver autologous T cell therapy treatments to a large patient pool internationally.

Virus-Specific T cells are produced through a selective expansion process that gives them the ability to infiltrate and survive in solid tumors long enough to attack and destroy them from within, a key differentiator to other cell therapies. Tessa's VSTs migrate to the tumor site and kill cancer cells with precision leaving healthy cells unharmed, leading to high treatment efficacy and safety.

Contacts
Media:
Tessa Therapeutics
Brunswick Group
Will Carnwath, Ben Fry
TessaTherapeutics@brunswickgroup.com
+65-6426-8188
Investor Relations:
Tessa Therapeutics
Trout Group
Pete Rahmer
prahmer@troutgroup.com
+1-646-378-2973
About Tessa Therapeutics

Tessa Therapeutics is a clinical stage biopharmaceutical company with the scientific vision of revolutionizing the treatment of cancer by redirecting the body's potent anti-viral immune response to recognize and kill cancer cells. Tessa's core virus-specific T cell (VST) platform has shown compelling results in the treatment of solid tumors, and the company is building a portfolio of therapies addressing a wide range of tumors by combining the qualities of its T cell platform with complementary technologies. Tessa's lead Phase III trial for nasopharyngeal carcinoma (NPC) is the world's largest Phase III T cell immunotherapy trial for any cancer indication. The company has built up robust operational and supply chain capabilities to successfully deliver autologous T cell therapy treatments to a large patient pool across five countries. The combination of technologies from its academic, clinical, and commercial research partners have enabled the company to create a fully-integrated approach to the treatment of cancer with immunotherapy.

For more information on Tessa, please visit www.tessatherapeutics.com
About Temasek

Incorporated in 1974, Temasek is an investment company headquartered in Singapore. Supported by 10 offices internationally, Temasek owns a S$275 billion (US$197b) portfolio as at 31 March 2017, mainly in Singapore and the rest of Asia.

Our portfolio covers a broad spectrum of industries: financial services; telecommunications, media & technology; transportation & industrials; consumer & real estate; life sciences & agribusiness; as well as energy & resources. Our investment activities are guided by four investment themes and the long-term trends they represent: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions.

For more information on Temasek, please visit www.temasek.com.sg

Latest Press Release

Kaneka officially starts continuous manufacturing under GMP

Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Mamoru Kadokura) have installed continuous manufacturing equipment to be applied to pharmaceutical products at Kaneka Singapore Co. (Pte.) Ltd, (Headquarters: Singapore; President: Kazuhiko...

TIENS Group opens new high-tech Experience Store in Shenzhen

TIENS Group, one of leading corporations in the Healthcare industry, unveiled a new high-tech Customer Experience Store in Shenzhen. Li Jinyuan, founder and chairman of TIENS group, announced the official opening of its first store in the world on August...

Sotera Health#s Nordion completes the sale of its medical isotopes business to BWXT

- Nordion's increased focus on gamma technologies supports Sotera Health's company-wide commitment to Safeguarding Global Health(TM) Sotera Health LLC, the world's leading, fully integrated protector of global health, today announced the closing of the...

Menarini Ricerche to Sponsor Cancer Trial in Acute Myeloid Leukemia in USA

Menarini Ricerche, a company of the Menarini Group, announced today that the sponsorship of the ongoing Phase I/II study that is investigating MEN1703/SEL24 for the treatment of patients with relapsed/refractory (R/R) AML in the USA has been transferred...

Britannia Pharmaceuticals Ltd เผยผลการศึกษา TOLEDO เฟส 3 ชี้การใช้ยา Apomorphine ชนิดฉีดเข้าใต้ผิวหนังช่วยลดปัญหาอาการตอบสนองต่อยาไม่สม่ำเสมอในผู้ป่วยโรคพาร์กินสัน (PD) ซึ่งมีอาการที่ไม่สามารถควบคุมได้ด้วยการรับประทานยา

บริษัท Britannia Pharmaceuticals Ltd ได้เผยแพร่ผลการศึกษา TOLEDO (Clinical Trial of Apomorphine Subcutaneous Infusion in Patients With Advanced Parkinson's Disease) แบบให้ยาจริงกับยาหลอกกับคนไข้ (double-blind phase) ในนิตยสาร Lancet...

Related Topics