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Biologics

ADC company lands $24 million series A

by Shi En Kim
October 8, 2022 | A version of this story appeared in Volume 100, Issue 36
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Araris has raised $24 million in series A financing, bringing its total funding to $40 million. The Swiss biotech, a spinoff from the Paul Scherrer Institute and the Swiss Federal Institute of Technology (ETH), Zurich, will use the funds to clinically advance its antibody-drug conjugate (ADC) candidates for oncology. Araris says it has a special linker technology that uses a peptide to conjugate any drug payload to an off-the-shelf antibody.

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