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Tizona Therapeutics

Full company profile

uuid0000gnt

Namestring
Tizona Therapeutics
Legal namestring
Tizona Therapeutics, Inc.
Websiteurl
tizonatx.com
Company typeenum
Private
Founded yearint
2015
Descriptiontext

Tizona Therapeutics is a privately held, clinical-stage biotechnology company developing first-in-class cancer immunotherapies that target novel immune-suppression pathways in the tumor microenvironment. Founded in 2015 by MPM Capital with scientific co-founders from Johns Hopkins, Harvard, and Memorial Sloan Kettering, the company is headquartered in South San Francisco, California and operates with a small team of 11-50 employees. Its lead asset, TTX-080, is a first-in-class, fully human monoclonal antibody targeting HLA-G that blocks interactions with the ILT2 and ILT4 receptors to reverse immune tolerance and activate both innate and adaptive anti-tumor immunity; TTX-080 is currently in Phase 1b clinical development in metastatic colorectal cancer (mCRC) and head and neck squamous cell carcinoma (mHNSCC), and is being evaluated both as monotherapy and in combination with cetuximab, pembrolizumab, and FOLFIRI. Earlier programs include TTX-030, a first-in-class anti-CD39 antibody that was partnered with AbbVie and spun off into a separate entity in 2020, plus preclinical anti-CCR4 and IL-35 programs and TZ-040.

The company's business model is licensing- and partnership-driven rather than commercial: as a pre-revenue clinical-stage biotech, Tizona monetizes through upfront payments, milestones, and potential royalties from pharmaceutical collaborators, while its operating geographies to date are limited to North America with clinical trial sites across the United States. Its strategic capital structure is dominated by Gilead Sciences, which invested $300 million in July 2020 for a 49.9% equity stake and holds an exclusive option to acquire the remainder of the company for up to $1.25 billion in option fees and milestones, while AbbVie retains rights in the spun-off CD39 program following a $105 million upfront payment in 2019. The company is led by CEO Christine O'Brien (appointed 2020) and a leadership team drawn primarily from Amgen, BMS, Celgene, AstraZeneca/MedImmune, Kite Pharma, and Arcus Biosciences, and it engages the medical and scientific community through peer-reviewed publications and presentations at conferences such as ASCO and SITC.

Short descriptiontext

Tizona Therapeutics is a privately held, clinical-stage biotechnology company developing first-in-class monoclonal antibody immunotherapies that target novel immune checkpoints (HLA-G and CD39) to treat metastatic colorectal cancer, head and neck cancer, and other advanced solid tumors.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersSouth San Francisco, United States
HQ citystring
South San Francisco
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
cancer immunotherapy, monoclonal antibodies, oncology therapeutics, immune checkpoint inhibitors, clinical-stage biopharmaceutical
Industry1 code
1Monoclonal Antibody Therapeutics (mAbs)
CodeHLAAAAAAPrimaryYes
NAICS code2 codes
  • Biological Product (except Diagnostic) Manufacturing325414
  • Research and Development in Biotechnology (except Nanobiotechnology)541714
SIC code1 code
  • Biological Products, (No Disgnostic Substances)2836
Product category
Cancer Immunotherapy (Biopharmaceuticals)
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Partnership and Licensing Revenue
TypeLicensing Royalties
Description

Pre-revenue clinical-stage biotech generating income through strategic partnerships, upfront payments, milestone payments, and potential royalty streams from pharmaceutical collaborations.

tizonatx.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Tizona Therapeutics is a clinical-stage biopharmaceutical company developing first-in-class monoclonal antibody immunotherapies that target novel immune suppression pathways in cancer. Its lead clinical program TTX-080 is an anti-HLA-G antibody in Phase 1b trials for metastatic colorectal cancer and head and neck squamous cell carcinoma. The company also has pipeline programs targeting CD39, CCR4, and IL-35 pathways, and monetizes its assets primarily through strategic partnerships and licensing deals with large pharmaceutical companies.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 6 values shown
  • Median progression-free survival (PFS) of 24.4 weeks in WT RAS/BRAF/HER2-negative mCRC patients treated with TTX-080 plus cetuximab
+5 more records
Product overview1 text field

Tizona Therapeutics is a privately held, clinical-stage biotechnology company developing first-in-class cancer immunotherapies. The company's pipeline is focused on restoring and bolstering immune responses against cancer. Lead product TTX-080 is a first-in-class anti-HLA-G antibody in Phase 1b clinical development for metastatic colorectal cancer and other advanced solid tumors. The company previously developed TTX-030 (anti-CD39), which was spun off before the Gilead acquisition. Additional programs include anti-CCR4 and IL-35 targeting molecules in various stages of development. Tizona collaborates with Gilead Sciences (majority ownership) and previously partnered with AbbVie on the CD39 program.

Product and service3 records
1TTX-080
CategoryClinical-stage oncology drug candidate
Description

First-in-class, fully human monoclonal antibody that specifically binds HLA-G to block its interactions with ILT2 and ILT4 receptors on immune cells, reversing immune tolerance and activating both innate and adaptive anti-tumor immunity. In Phase 1b clinical trials for metastatic colorectal cancer and head and neck squamous cell carcinoma, with demonstrated activity in low-TMB tumors.

2Anti-CCR4 Monoclonal Antibody Program
CategoryPreclinical/clinical-stage oncology drug candidate
Description

Anti-CCR4 monoclonal antibody designed to induce anti-tumor activity by depleting regulatory T cells (Tregs) that establish immunosuppressive tumor microenvironments.

3IL-35 Modulation Program
CategoryPreclinical discovery program
Description

Discovery-stage programs targeting IL-35, an immunosuppressive cytokine predominantly expressed by regulatory T cells (Tregs), intended to reverse immune suppression in the tumor microenvironment with potential applications in autoimmune diseases.

Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2019-01-03
Description

Global strategic collaboration to develop and commercialize CD39-targeted therapeutics, including TTX-030. Tizona received $105M upfront payment. AbbVie has exclusive option to lead global development and commercialization after Phase 1b. Tizona retains option to co-develop and co-promote in US and eligible for milestones and royalties.

Strategic tierSupportingTypeTechnology or IntegrationAnnounced on2015-10-01
Description

Commercial license and service agreement for cell line and process development using ProBioGen's GlymaxX technology to enhance ADCC activity of immuno-oncology antibodies. ProBioGen developing stable cell line and GMP manufacturing for Tizona's lead antibody.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Clinical-stage immuno-oncology company developing computationally-discovered novel immune checkpoint targets (e.g., PVRIG, TIGIT). Directly comparable to Tizona in pursuing first-in-class antibody therapies against novel checkpoint pathways distinct from PD-1/PD-L1.

TypeDirect peer
Description

Clinical-stage immuno-oncology company developing multiple checkpoint and TME-targeting antibodies (anti-TIGIT, anti-PD-1, adenosine axis). Closely comparable to Tizona in pursuing combinations of novel IO agents with established checkpoint inhibitors in solid tumors.

TypeDirect peer
Description

Clinical-stage immuno-oncology company developing antibodies targeting the tumor microenvironment, including IL-27 and regulatory T-cell pathways. Comparable to Tizona's mechanistic focus on novel immune suppression pathways and TME modulation.

TypeDirect peer
Description

Clinical-stage oncology company developing novel immunotherapies using INDUCER technology to selectively activate immune responses in the tumor microenvironment. Comparable as a small-cap IO biotech with multiple preclinical/early-clinical assets.

TypeDirect peer
Description

Clinical-stage immuno-oncology company developing antibodies that target myeloid cells and the tumor microenvironment. Comparable to Tizona in pursuing novel IO mechanisms beyond traditional PD-1/PD-L1 checkpoints.

TypeDirect peer
Description

Clinical-stage immuno-oncology company developing immune-stimulating antibody conjugates (ISACs) that combine tumor-targeting antibodies with immune agonists. Comparable as a small-cap antibody-based IO company with novel mechanism approaches.

TypeDirect peer
Description

Clinical-stage biotechnology company developing antibody-based immunotherapies for cancer, including targets in the TME. Comparable to Tizona in its pipeline focus on novel IO antibody targets and partnership-driven development model.

TypeEmerging player
Description

Clinical-stage immuno-oncology company developing novel antibody therapeutics including CD40 agonists. Comparable to Tizona as a small-cap IO antibody developer, though Apexigen's lead asset targets a different (co-stimulatory) pathway.

TypeDirect peer
Description

Clinical-stage immuno-oncology company developing novel cancer immunotherapies including ICOS agonist and T-cell targeting antibodies. Directly comparable to Tizona in focus on first-in-class IO antibody mechanisms; subsequently went private via Concentra Biosciences acquisition.

TypeBroad incumbent
Description

Large biopharmaceutical company and Tizona's majority owner (49.9% equity stake with buyout option). Comparable as the strategic partner funding Tizona's pipeline and a broad oncology player with immuno-oncology assets including Trodelvy and Yescarta.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles7 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors8 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tizona Therapeutics

Cancer Immunotherapy (Biopharmaceuticals)tizonatx.com

Tizona Therapeutics is a privately held, clinical-stage biotechnology company developing first-in-class monoclonal antibody immunotherapies that target novel immune checkpoints (HLA-G and CD39) to treat metastatic colorectal cancer, head and neck cancer, and other advanced solid tumors.

What Tizona Therapeutics does

Tizona Therapeutics is a privately held, clinical-stage biotechnology company developing first-in-class cancer immunotherapies that target novel immune-suppression pathways in the tumor microenvironment. Founded in 2015 by MPM Capital with scientific co-founders from Johns Hopkins, Harvard, and Memorial Sloan Kettering, the company is headquartered in South San Francisco, California and operates with a small team of 11-50 employees. Its lead asset, TTX-080, is a first-in-class, fully human monoclonal antibody targeting HLA-G that blocks interactions with the ILT2 and ILT4 receptors to reverse immune tolerance and activate both innate and adaptive anti-tumor immunity; TTX-080 is currently in Phase 1b clinical development in metastatic colorectal cancer (mCRC) and head and neck squamous cell carcinoma (mHNSCC), and is being evaluated both as monotherapy and in combination with cetuximab, pembrolizumab, and FOLFIRI. Earlier programs include TTX-030, a first-in-class anti-CD39 antibody that was partnered with AbbVie and spun off into a separate entity in 2020, plus preclinical anti-CCR4 and IL-35 programs and TZ-040.

The company's business model is licensing- and partnership-driven rather than commercial: as a pre-revenue clinical-stage biotech, Tizona monetizes through upfront payments, milestones, and potential royalties from pharmaceutical collaborators, while its operating geographies to date are limited to North America with clinical trial sites across the United States. Its strategic capital structure is dominated by Gilead Sciences, which invested $300 million in July 2020 for a 49.9% equity stake and holds an exclusive option to acquire the remainder of the company for up to $1.25 billion in option fees and milestones, while AbbVie retains rights in the spun-off CD39 program following a $105 million upfront payment in 2019. The company is led by CEO Christine O'Brien (appointed 2020) and a leadership team drawn primarily from Amgen, BMS, Celgene, AstraZeneca/MedImmune, Kite Pharma, and Arcus Biosciences, and it engages the medical and scientific community through peer-reviewed publications and presentations at conferences such as ASCO and SITC.

Tizona Therapeutics firmographics

Firmographics
Name
Tizona Therapeutics
Legal name
Tizona Therapeutics, Inc.
Website
https://tizonatx.com
Company type
Private
Founded year
2015
Operating status
Operating
Headcount range
11–50 employees
Short description
Tizona Therapeutics is a privately held, clinical-stage biotechnology company developing first-in-class monoclonal antibody immunotherapies that target novel immune checkpoints (HLA-G and CD39) to treat metastatic colorectal cancer, head and neck cancer, and other advanced solid tumors.
Ownership category
akta.pro rank

Tizona Therapeutics industry classification

Industry
Product category
Cancer Immunotherapy (Biopharmaceuticals)
NAICS
Biological Product (except Diagnostic) Manufacturing (325414), Research and Development in Biotechnology (except Nanobiotechnology) (541714)
SIC
Biological Products, (No Disgnostic Substances) (2836)
akta.pro primary industry
Monoclonal Antibody Therapeutics (mAbs) (HLAAAAAA)

Keywords

  • Cancer immunotherapy
  • Monoclonal antibodies
  • Oncology therapeutics
  • Immune checkpoint inhibitors
  • Clinical-stage biopharmaceutical

Where Tizona Therapeutics is headquartered

Location

Headquarters

HQ city
South San Francisco
HQ country
United States
HQ region
North America

Offices1 record

Markets served

Tizona Therapeutics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Partnership and Licensing Revenue: Pre-revenue clinical-stage biotech generating income through strategic partnerships, upfront payments, milestone payments, and potential royalty streams from pharmaceutical collaborations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Tizona Therapeutics product offering

Product offering

Core offering

Tizona Therapeutics is a clinical-stage biopharmaceutical company developing first-in-class monoclonal antibody immunotherapies that target novel immune suppression pathways in cancer. Its lead clinical program TTX-080 is an anti-HLA-G antibody in Phase 1b trials for metastatic colorectal cancer and head and neck squamous cell carcinoma. The company also has pipeline programs targeting CD39, CCR4, and IL-35 pathways, and monetizes its assets primarily through strategic partnerships and licensing deals with large pharmaceutical companies.

Product overview

Tizona Therapeutics is a privately held, clinical-stage biotechnology company developing first-in-class cancer immunotherapies. The company's pipeline is focused on restoring and bolstering immune responses against cancer. Lead product TTX-080 is a first-in-class anti-HLA-G antibody in Phase 1b clinical development for metastatic colorectal cancer and other advanced solid tumors. The company previously developed TTX-030 (anti-CD39), which was spun off before the Gilead acquisition. Additional programs include anti-CCR4 and IL-35 targeting molecules in various stages of development. Tizona collaborates with Gilead Sciences (majority ownership) and previously partnered with AbbVie on the CD39 program.

Differentiator

Problem solved

Functional benefit

Products and services

  • TTX-080 First-in-class, fully human monoclonal antibody that specifically binds HLA-G to block its interactions with ILT2 and ILT4 receptors on immune cells, reversing immune tolerance and activating both innate and adaptive anti-tumor immunity. In Phase 1b clinical trials for metastatic colorectal cancer and head and neck squamous cell carcinoma, with demonstrated activity in low-TMB tumors.
  • Anti-CCR4 Monoclonal Antibody Program Anti-CCR4 monoclonal antibody designed to induce anti-tumor activity by depleting regulatory T cells (Tregs) that establish immunosuppressive tumor microenvironments.
  • IL-35 Modulation Program Discovery-stage programs targeting IL-35, an immunosuppressive cytokine predominantly expressed by regulatory T cells (Tregs), intended to reverse immune suppression in the tumor microenvironment with potential applications in autoimmune diseases.

Quantifiable outcome

  • Median progression-free survival (PFS) of 24.4 weeks in WT RAS/BRAF/HER2-negative mCRC patients treated with TTX-080 plus cetuximab
  • +5 more outcomes

Companies that use Tizona Therapeutics

Customer profile

Segments1 record

Ideal customer profiles2 records

Tizona Therapeutics technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature2 records

Tizona Therapeutics partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and supporting.

  • AbbViecoreStrategic or Co-development Partner · 3 January 2019Global strategic collaboration to develop and commercialize CD39-targeted therapeutics, including TTX-030. Tizona received $105M upfront payment. AbbVie has exclusive option to lead global development and commercialization after Phase 1b. Tizona retains option to co-develop and co-promote in US and eligible for milestones and royalties.
  • ProBioGensupportingTechnology or Integration · 1 October 2015Commercial license and service agreement for cell line and process development using ProBioGen's GlymaxX technology to enhance ADCC activity of immuno-oncology antibodies. ProBioGen developing stable cell line and GMP manufacturing for Tizona's lead antibody.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Tizona Therapeutics competitors and assessment

Company assessment

Direct peers

  • Compugen: Clinical-stage immuno-oncology company developing computationally-discovered novel immune checkpoint targets (e.g., PVRIG, TIGIT). Directly comparable to Tizona in pursuing first-in-class antibody therapies against novel checkpoint pathways distinct from PD-1/PD-L1.
  • Arcus Biosciences: Clinical-stage immuno-oncology company developing multiple checkpoint and TME-targeting antibodies (anti-TIGIT, anti-PD-1, adenosine axis). Closely comparable to Tizona in pursuing combinations of novel IO agents with established checkpoint inhibitors in solid tumors.
  • Surface Oncology: Clinical-stage immuno-oncology company developing antibodies targeting the tumor microenvironment, including IL-27 and regulatory T-cell pathways. Comparable to Tizona's mechanistic focus on novel immune suppression pathways and TME modulation.
  • Werewolf Therapeutics: Clinical-stage oncology company developing novel immunotherapies using INDUCER technology to selectively activate immune responses in the tumor microenvironment. Comparable as a small-cap IO biotech with multiple preclinical/early-clinical assets.
  • Pionyr Immunotherapeutics: Clinical-stage immuno-oncology company developing antibodies that target myeloid cells and the tumor microenvironment. Comparable to Tizona in pursuing novel IO mechanisms beyond traditional PD-1/PD-L1 checkpoints.
  • Bolt Biotherapeutics: Clinical-stage immuno-oncology company developing immune-stimulating antibody conjugates (ISACs) that combine tumor-targeting antibodies with immune agonists. Comparable as a small-cap antibody-based IO company with novel mechanism approaches.
  • Celldex Therapeutics: Clinical-stage biotechnology company developing antibody-based immunotherapies for cancer, including targets in the TME. Comparable to Tizona in its pipeline focus on novel IO antibody targets and partnership-driven development model.
  • Jounce Therapeutics: Clinical-stage immuno-oncology company developing novel cancer immunotherapies including ICOS agonist and T-cell targeting antibodies. Directly comparable to Tizona in focus on first-in-class IO antibody mechanisms; subsequently went private via Concentra Biosciences acquisition.

Emerging players

  • Apexigen: Clinical-stage immuno-oncology company developing novel antibody therapeutics including CD40 agonists. Comparable to Tizona as a small-cap IO antibody developer, though Apexigen's lead asset targets a different (co-stimulatory) pathway.

Broad incumbents

  • Gilead Sciences: Large biopharmaceutical company and Tizona's majority owner (49.9% equity stake with buyout option). Comparable as the strategic partner funding Tizona's pipeline and a broad oncology player with immuno-oncology assets including Trodelvy and Yescarta.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Tizona Therapeutics social profiles

Digital presence

Tizona Therapeutics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tizona Therapeutics leadership team

Management profile

Number of profiles

Profiles7 records

Tizona Therapeutics funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Tizona Therapeutics M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tizona Therapeutics

What does Tizona Therapeutics do?

Tizona Therapeutics is a clinical-stage biopharmaceutical company developing first-in-class monoclonal antibody immunotherapies that target novel immune suppression pathways in cancer. Its lead clinical program TTX-080 is an anti-HLA-G antibody in Phase 1b trials for metastatic colorectal cancer and head and neck squamous cell carcinoma. The company also has pipeline programs targeting CD39, CCR4, and IL-35 pathways, and monetizes its assets primarily through strategic partnerships and licensing deals with large pharmaceutical companies.

Is Tizona Therapeutics a public or private company?

Tizona Therapeutics is a private company. It is classified as corporate owned and is currently operating.

When was Tizona Therapeutics founded?

Tizona Therapeutics was founded in 2015. It employs 11 to 50 people.

Where is Tizona Therapeutics based?

Tizona Therapeutics is headquartered in South San Francisco, United States, in the North America region.

How does Tizona Therapeutics make money?

One revenue line is on record: partnership and Licensing Revenue.

Who are Tizona Therapeutics's main competitors?

Direct peers on record are Compugen, Arcus Biosciences, Surface Oncology, Werewolf Therapeutics, Pionyr Immunotherapeutics, Bolt Biotherapeutics, Celldex Therapeutics and Jounce Therapeutics. Apexigen is listed as an emerging player. Gilead Sciences is listed as a broad incumbent.

Does Tizona Therapeutics have an API?

No public API is recorded for Tizona Therapeutics.

What industry is Tizona Therapeutics in?

Tizona Therapeutics's product category is Cancer Immunotherapy (Biopharmaceuticals). Its primary akta.pro industry code is HLAAAAAA, Monoclonal Antibody Therapeutics (mAbs). Its NAICS code is 325414 and its SIC code is 2836.

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Live signals
The Manila TimesTizona Therapeutics Presents Clinical Translational Evidence of Dual Innate and Adaptive Immune Activation with TTX-080, a First-in-Class HLA-G Antagonist, in Patients with Advanced Solid Tumors at SITizona Therapeutics presented clinical translational data for its lead program TTX-080, a first-in-class HLA-G antagonist, at the Society for Immunotherapy of Cancer (SITC) annual meeting. The findings indicate that TTX-080 activates innate and adaptive immune pathways in patients with advanced solid tumors, including those with microsatellite stable metastatic colorectal cancer. The company is currently enrolling patients in a Phase 1b trial evaluating the combination of TTX-080 with cetuximab and FOLFIRI.FierceBiotechGilead will not buy Tizona after paying $300M for the right to do soGilead Sciences has declined to exercise its option to acquire Tizona Therapeutics, effectively ending a partnership established in 2020 with an initial $300 million investment. The decision follows the lack of inclusion of Tizona's oncology program in Gilead’s pipeline and stalled clinical progress on the lead asset TTX-080. This move marks another shift in Gilead's recent business development strategy, which has included significant equity investments in other biotechs like Arcus and Assembly Bio.GlobeNewswireTizona Appoints Joyson Karakunnel, MD, MSc, FACP as Senior Vice President and Chief Medical OfficerTizona Therapeutics appointed Joyson Karakunnel as Senior Vice President and Chief Medical Officer. He previously led clinical development at Arcus Biosciences, including global trials for four immunotherapy molecules. He will join Tizona to advance its pipeline toward commercialization.PR NewswireAbbVie and Tizona Therapeutics Announce Strategic Collaboration to Develop First-in-Class Immunotherapy for Cancer Targeting CD39AbbVie and Tizona Therapeutics have entered into a global strategic collaboration to develop and commercialize CD39-targeted cancer therapeutics, including the first-in-class antibody TTX-030. Under the agreement, Tizona received a $105 million upfront payment and an equity investment from AbbVie, while AbbVie secured an exclusive option to lead global development and commercialization following Phase 1b studies. The FDA has already accepted the investigational new drug application for TTX-030, which works by inhibiting CD39 to prevent the conversion of immune-stimulating ATP to immune-suppressive adenosine in the tumor microenvironment.PR NewswireLycera Announces the Appointment of Pablo J. Cagnoni, M.D., to the Board of DirectorsLycera Corp, a privately held biopharmaceutical company, announced that Pablo J. Cagnoni, M.D. has been elected to its Board of Directors, with Timothy M. Mayleben stepping down simultaneously. Dr. Cagnoni brings 25 years of oncology and biopharma executive experience, having led development and commercialization of multiple cancer medicines including Tarceva, Glivec, and Jakavi, and currently serves as President and CEO of Tizona Therapeutics. His appointment is intended to advance Lycera's clinical-stage pipeline in autoimmune diseases and cancer, which includes Phase 2 programs for ulcerative colitis and psoriasis and a Phase 1/2a trial in solid tumors.GlobeNewswireTizona Therapeutics, Inc. Appoints George Golumbeski, Ph.D., to Its Board of DirectorsTizona Therapeutics appointed George Golumbeski, Ph.D., to its board of directors. He brings over 25 years of biotech leadership experience, including roles at Celgene, Nabriva, and Novartis. He will work with Tizona's team to develop next-generation immuno-therapies.FinSMEsTizona Therapeutics Closes $43M Series B FundingTizona Therapeutics closed a $43M Series B funding round co-led by Abingworth and Canaan Partners, with participation from Lightstone Ventures and existing investors. The company, which has raised over $70M, will use the funds to advance its immunotherapy programs, including its lead anti-CCR4 antibody expected to enter the clinic in 2017.VC News DailyTizona Therapeutics Grabs $43MTizona Therapeutics closed a $43 million Series B financing round co-led by Abingworth and Canaan Partners. The company will use the proceeds to advance its immunotherapy programs, specifically its lead anti-CCR4 monoclonal antibody candidate expected to enter clinical trials in 2017. This brings Tizona's total raised capital from Series A and B rounds to over $70 million.