Article: MacroGenics Advancing MAb Program With $45M Series C.

Staff Writer

Working to finalize the protocol for a potentially pivotal trial of its anti-CD3 antibody for diabetes, MacroGenics Inc. raised $45 million in a Series C round.

"It's not the easiest market right now, and we wore out a lot of shoe leather," said Nelson Campbell, chief financial officer of Rockville, Md.-based MacroGenics, crediting the company's "strong investor base," as well as "our exciting CD3 molecule, which has been a good catalyst for us, as well."

The biggest chunk of the proceeds will go toward the anti-CD3 monoclonal antibody program, which is heading into a Phase II/III study in Type I diabetes expected to begin later ...

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