ARTICLE | Finance

Potentiator potential

Why Pfizer Venture Investments led Effector's $38.6M series C

July 29, 2017 2:48 AM UTC

Preclinical data showing how eFT508 could fit into checkpoint inhibitor cocktails helped Effector Therapeutics Inc. snag Pfizer Inc. (NYSE:PFE) as both a development partner and an investor.

On July 24, Effector closed a $19.3 million first tranche of a $38.6 million series C round led by new investor Pfizer Venture Investments. The second and final tranche is slated to close in 2018. The trigger is undisclosed...