Canaan leaps into UK biotech by co-leading $14M Series A for immuno-oncology upstart Grey Wolf

Checkpoint inhibitors have done wonders for immuno-oncology, but the potent class of drugs doesn’t work across all cancers. To remedy this, UK-based biotech upstart Grey Wolf Therapeutics is working on a fresh approach that does not directly target the immune system, but instead alters tumor cells by illuminating and priming them for immune system annihilation — a strategy that could work in conjunction with existing immunotherapies.

Andera Partners and Canaan have shown their faith in the concept by leading an approximately $14 million series A round for the company.

Peter Joyce

Founded by former Vertex executive Peter Joyce and ex-chief of Spinifex Pharmaceuticals Tom McCarthy, Grey Wolf is developing small molecule

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