{"id":7041,"date":"2019-10-26T20:54:06","date_gmt":"2019-10-27T03:54:06","guid":{"rendered":"https:\/\/2020dev.rakuten-med.com\/?post_type=news&#038;p=7041"},"modified":"2020-09-12T13:18:02","modified_gmt":"2020-09-12T20:18:02","slug":"rakuten-medical-reels-in-another-megaround-to-fund-cancer-rd","status":"publish","type":"stories","link":"https:\/\/rakuten-med.com\/us\/news\/stories\/2019\/10\/26\/7041\/","title":{"rendered":"Rakuten Medical reels in another megaround to fund cancer R&#038;D"},"content":{"rendered":"<p>Fierce Biotech | August 2, 2019: Rakuten Medical has\u00a0<a href=\"https:\/\/www.prnewswire.com\/news-releases\/rakuten-medical-secures-additional-investment-from-rakuten-to-further-develop-its-photoimmunotherapy-platform-capabilities-300895515.html\" rel=\"nofollow\">raised<\/a>\u00a0$100 million to advance its pipeline of photoimmunotherapy oncology prospects. The biotech hopes to use antibodies and light to destroy cancer cells while leaving healthy tissues unharmed.<\/p>\n<p>Since setting up shop in 2015, Rakuten Medical, formerly known as As\u00adpyr\u00adi\u00adan Ther\u00ada\u00adpeu\u00adtics, has raised close to $500 million to invest in development of photoimmunotherapy candidates. The idea is to conjugate antibodies to a dye that responds to a certain type of light. Once the drug binds to the target antigen, exposure to light triggers anti-cancer effects, thereby driving the precision destruction of tumors.<\/p>\n<p><a href=\"https:\/\/www.fiercebiotech.com\/biotech\/rakuten-medical-reels-another-megaround-to-fund-cancer-r-d\" target=\"_blank\" rel=\"noopener noreferrer\">Read the Full Article\u00a0<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fierce Biotech | August 2, 2019: Rakuten Medical has\u00a0raised\u00a0$100 million to advance its pipeline of photoimmunotherapy oncology prospects. The biotech [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"class_list":{"0":"post-7041","1":"stories","2":"type-stories","3":"status-publish","5":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Rakuten Medical reels in another megaround to fund cancer R&amp;D - Rakuten Medical - To conquer cancer.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rakuten-med.com\/us\/news\/stories\/2019\/10\/26\/7041\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rakuten Medical reels in another megaround to fund cancer R&amp;D - Rakuten Medical - To conquer cancer.\" \/>\n<meta property=\"og:description\" content=\"Fierce Biotech | August 2, 2019: Rakuten Medical has\u00a0raised\u00a0$100 million to advance its pipeline of photoimmunotherapy oncology prospects. 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