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Teon Therapeutics Completes $30 Million Series A Financing
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SAN FRANCISCO, Feb. 23, 2021 /PRNewswire/ Teon Therapeutics, a biopharmaceutical company developing small molecules that inhibit the immunosuppressive and cancer-promoting signaling pathways, today announced the completion of a $30M Series A financing. The financing was led by Oceanpine Capital with participation from additional new investors Oriza Ventures, Lifespan Investments, and former Gilead senior executives. All existing investors also participated in the financing round including Northern Light Venture Capital, Kaitai Capital and Oriental Fortune Capital. The funds will be used to advance the company s lead A
Teon Therapeutics Appoints Glen Giovannetti as Independent Board Member
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SAN FRANCISCO, Jan. 12, 2021 /PRNewswire/ Teon Therapeutics, a private biopharmaceutical company developing a focused portfolio of small molecules that modulate metabolic signaling pathways in the tumor microenvironment, today announced the appointment of Glen Giovannetti, to its board of directors. Glen brings over 36 years of leadership success, industry expertise and board governance credentials following his retirement from EY (Ernst & Young) in December 2020. As EY s former Global Biotechnology and Life Sciences Leader, Glen has deep life sciences knowledge and financial governance, risk and reporting expertise. We are excited to have Glen joining our board, said Ken Horne, President and Chief Operating Officer of Teon Therapeutics. His experience as lead partner on numerous IPOs and M&A transactions in the biotech industry will be invaluable f