Pink Sheet is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

Brought to you by

Argos Therapeutics raises $42.5mm in Series E round; later adds $17.5mm

Executive Summary

Argos Therapeutics Inc. (immunotherapies for cancer and infectious diseases; also has programs for autoimmune diseases and transplant rejection) will use the initial proceeds from its $42.5mm Series E round to support the ongoing ADAPT pivotal Phase III trial of AGS003 for metastatic renal cell carcinoma. Pharmstandard International SA (the holding company of Pharmstandard OJSC, represented by Inbio Ventures) led the financing with a $12mm investment (buying 9.2mm shares and 1.4mm in warrants), and in two subsequent tranches is expected to provide another $12mm and $6mm, respectively, based on AGS003’s Phase III results. The Series E also included new buyer Green Cross Corp. and returning backers Forbion Capital, TVM Capital, Lumira Capital, Intersouth Partners, Caisse de depot et placement de Quebec, Morningside Group, and Aurora Funds. Concurrent with the financing, Pharmstandard licensed rights to commercialize AGS003 in Russia and the CIS, while Green Cross received rights in South Korea.
Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Pharmacogenetics-Pharmacogenomics
    • Large Molecule
      • Antibodies
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

Related Companies