Allterum Therapeutics completes Series Seed offering, builds team with addition of Philip Breitfeld as Chief Medical Officer

Allterum Therapeutics, Inc. completed its $1.8 million Series Seed offering to members of the FanninDirectSM investor group.  Allterum is developing a novel immunotherapy for treatment of IL7R-expressing cancers, including difficult to treat cases of pediatric acute lymphoblastic leukemia (ALL), a program which has received both Orphan Drug and Rare Pediatric Disease Designations from FDA. The company will use the proceeds for its pre-clinical antibody manufacturing and toxicology work and to continue to build the management team. Allterum is partnering with the Therapeutics Advances in Childhood Leukemia & Lymphoma (TACL) consortium to design a Phase 1/2 clinical trial, with Dr. Eric Schafer (Baylor College of Medicine and Texas Children's Hospital) and Dr. Susan Rheingold (Children's Hospital of Philadelphia) as Chair and Vice-Chair, respectively, of the study. Allterum anticipates filing an Investigational New Drug (IND) application to the FDA in early 2021, leading to the launch of the clinical trial.  About Allterum Founded in 2018, Allterum Therapeutics, Inc., is a bio-pharmaceutical company developing 4A10, a monoclonal antibody therapy for the treatment of IL-7R-expressing cancers including pediatric acute lymphoblastic leukemia and sub-populations of solid tumors. Allterum Therapeutics is a spin-out company, founded by Fannin Innovation Studio. About Fannin Innovation Studio
（以上内容由医药魔方AI生成）