Landos spins out of Xontogeny accelerator

Landos Biopharma Inc. (Blacksburg, Va.) spun out of life sciences accelerator Xontogeny LLC (Boston, Mass) and raised the first $5 million tranche of a $10 million series A round from Perceptive Advisors.

CEO Josep Bassaganya-Riera said the final $5 million tranche will be triggered after the company files an IND for lead candidate BT-11 next year...