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AMGN Amgen Inc

300.30
0.82 (0.27%)
After Hours
Last Updated: 22:02:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Amgen Inc NASDAQ:AMGN NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.82 0.27% 300.30 300.31 300.98 302.91 298.51 301.75 2,451,956 22:02:00

Biotech Startup Nkarta Therapeutics Raises $114 Million in Series B Financing

04/09/2019 5:28pm

Dow Jones News


Amgen (NASDAQ:AMGN)
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By Colin Kellaher

 

Biotechnology startup Nkarta Therapeutics on Wednesday said it raised $114 million in an oversubscribed Series B funding round at an undisclosed valuation.

Nkarta, which is developing engineered natural killer cell therapies to fight cancer, said new investor Samsara BioCapital led the round.

New investors Amgen Inc.'s (AMGN) Amgen Ventures, Deerfield Management, Life Science Partners, Logos Capital and RA Capital Management also participated, joined by existing investors NEA Ventures, SR One and Novo Holdings A/S, Nkarta said.

The South San Francisco, Calif., company, founded in 2015, said it will use the funding to advance multiple programs into clinical trials.

Nkarta, which previously raised $11 million in a Series A financing, also said it expects to complete a manufacturing facility in South San Francisco next year to supply investigational product for its early-stage clinical trials.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

September 04, 2019 12:13 ET (16:13 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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