Domainex receives funding from Takeda Research Investment

Existing shareholders Longbow and The Capital Fund also contribute alongside this endorsement from a corporate pharmaceutical investor

18-Feb-2010 - United Kingdom

Domainex has secured further financing to develop its Combinatorial Domain Hunting (CDH) technology, and to advance its internal pipeline of oncology targets. The patented CDH technology puts Domainex in a unique position to clone and express challenging protein drug targets. This funding will be used to take forward the company’s small-molecule drug research portfolio consisting of the kinase IKKe, and a number of methyltransferase enzymes.

The two-stage funding round will bring in a significant investment from Longbow, The Capital Fund, and Takeda Research Investment, Inc. (TRI). This funding should take the company through to a point where Domainex can close a number of corporate collaborations and deals on its novel targets for cancer.

Eddy Littler, CEO of Domainex said: “This investment in Domainex is the next step in our long-term relationship with both Longbow and The Capital Fund, and is a clear indication of their satisfaction with, and commitment to, Domainex. We are also very happy to welcome new investment from Bury Fitzwilliam-Lay & Partners LLP. The involvement of TRI represents an important recognition of the value of Domainex’s unique CDH technology, and its novel oncology pipeline. We are eagerly looking forward to the next few months during which we anticipate advancing our targets and pipeline to an exciting position. We will of course continue to develop our CDH technology, and will collaborate with Takeda on a number of innovative drug discovery targets”.

https://www.bionity.com/en/news/113700/domainex-receives-funding-from-takeda-research-investment.html