Illumina to lay off 10% of research and development team

AdobeSANDIEGO—Monthsafterannouncingplanstocutcostsby$100million,DNAsequencinggiantIlluminahasbegunto MollyFerguson/STATFortwodaysstartingonSunday,MoonlakeImmunotherapeuticshappilycrunchednumbersandshar




comprehensive

author：knowledge    Page View：3878
close-up of psoriasis on a hand. -- biotech coverage from STAT
A close-up of psoriasis on a hand. Adobe

San Francisco startup Alumis Inc. has raised $259 million in a bid to best big pharma’s work in plaque psoriasis.

Alumis announced its Series C round Wednesday and plans to move its lead drug into Phase 3 trials. Venture firm Foresite Capital, which incubated Alumis, co-led the financing with Samsara BioCapital and venBio Partners.

advertisement

Alumis’ lead drug, ESK-001, is an oral medicine designed to help patients with the most common type of psoriasis by inhibiting a signaling protein called TYK2. Research has shown that the TYK2 protein plays a role in diseases where the immune system overreacts, which has made it a popular drug target in recent years.

Get unlimited access to award-winning journalism and exclusive events.

Subscribe Log In
Previous article： New lesbian bars spark hope amid disappearing LGBTQ+ spaces
Next article： Continuity nursing helped my family in our darkest PICU moments