Guangzhou, May 6 -- Israel Biotechnology Fund (GIBF) has invested $10 million in Nectin Therapeutics. Israel-based startup Nectin is a biotechnology company developing novel targeted immunotherapies that address resistance to approved immune oncology treatments.

The funds will be used to continue the development of Nectin's portfolio of novel immuno-oncology products, including the advancement of Nectin's ongoing NTX1088 global Phase 1 clinical trial targeting PVR and the preclinical development of its anti-drug conjugate (ADC) portfolio.

NTX1088 is Nectin's First-in-Class lead candidate - a highly potent monoclonal antibody directed against PVR (CD155), a transmembrane protein expressed on cancer cells and associated with resistance to...