Shortly after leading radiopharma startup RayzeBio to a $4B+ exit to Bristol Myers Squibb earlier this year, Ken Song hit the ground running for his next bet. He set up a shell company in the spring and went on a hunt for clinical-stage drugs. He looked at nearly 50 opportunities across pain, oncology and other disease areas before quickly settling on the potential of T cell engagers for autoimmune diseases. He assembled more than $370 million in funds for his new company, Candid Therapeutics, and acquired two biotech startups: Vignette Bio and TRC 2004. Both had inked licensing deals in recent months for clinical-stage medicines out of China-based drug developers. I spoke with Song about Candid, raising one of the year's largest private biotech financing rounds, the potential of T cell engagers in autoimmune and more for Endpoints News: #autoimmunediseases #autoimmunedrugs #tcellengagers #celltherapy #biotech #candidtherapeutics #venturecapital
Ken Song - you don't rest one bit. excited to see what you all achieve next. congrats and good luck!
What an exciting news! Truly amazing to see this news. I am a huge fan of radiopharma and I couldnt hide my excitement when I saw BMS-Rayzebio acquisition news . Can't wait to see what would come in next few years in TCR now!
Amazing news - and great work, Ken Song. All the best for your continue success at Candid Therapeutics! ??
Once a good exit, then it all falls down into place for the next big funding rounds to pour in as per usual! Kudos to Song!
Great read and congratulations to Ken Song. Great work, Ken Song. All the best for your continue success at Candid Therapeutics!?Can't wait to read about all the next achievements!
Thanks Kyle for covering the launch of Candid.