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Business

Atara To Advance Drug Candidates

by Lisa M. Jarvis
December 23, 2013 | A version of this story appeared in Volume 91, Issue 51
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Atara Biotherapeutics, formed in October 2012 with licenses for six Amgen drug candidates, has raised $38.5 million in its second round of fund-raising. Celgene, Amgen Ventures, and EcoR1 Capital have joined existing investors including Kleiner Perkins Caufield & Byers. Few details were provided about the six Amgen assets when they were launched. Atara is now describing three candidates, two of which have development plans. Pinta 745, a myostatin-inhibiting pepti­body, will enter a Phase II study of treating muscle wasting in patients with end-stage renal disease. And Atara plans to start a Phase I study of STM 434, an activin inhibitor to treat ovarian cancer.

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