Immunotherapy spinout Annexon Biosciences collected funding from Novartis Venture Fund in a series C round that brought its total funding to $154m.

Annexon Biosciences, a US-based immunotherapy developer spun out from Stanford University, closed a $75m series C round on Wednesday backed by Novartis Venture Fund, the corporate venturing vehicle for pharmaceutical firm Novartis. Bain Capital Life Sciences, a subsidiary of private equity firm Bain Capital, led the round, which included Surveyor Capital, Adage Capital Partners, New Enterprise…

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