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Opna Bio has launched with $38 million in series A financing. The start-up continues the research of Plexxikon, a biotech firm that Daiichi Sankyo acquired for $800 million in 2011. Daiichi shuttered Plexxikon’s South San Francisco labs early this year. The funding will go toward developing small-molecule oncology drug programs acquired from Plexxikon and fragile X mental retardation protein inhibitors, also for oncology applications.
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