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    Avenzo Therapeutics Announces $150 Million Oversubscribed Financing To Advance Emerging Oncology Pipeline

    Details:

    The net proceeds will be used to advance Avenzo’s ARTS-021 (AVZO-021), a potentially best-in-class CDK2 selective inhibitor being studied in an ongoing U.S.-based Phase 1 clinical study for the treatment of HR+/HER2- metastatic breast cancer and other advanced solid tumors.


    Lead Product(s): AVZO-021,Fulvestrant,Letrozole

    Therapeutic Area: Oncology Product Name: ARTS-021

    Highest Development Status: Phase I/ Phase IIProduct Type: Small molecule

    Partner/Sponsor/Collaborator: New Enterprise Associates

    Deal Size: $150.0 million Upfront Cash: Undisclosed

    Deal Type: Series A Financing March 26, 2024

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