Kineta gets investment for autoimmune disease drug candidate

06/7/2010 | Seattle Times, The

Kineta has received an undisclosed investment sum from the Iacocca Family Foundation to advance the development of ShK-186, its drug candidate for autoimmune diseases such as Type 1 diabetes and multiple sclerosis. The Seattle-based biotech firm plans to conduct a Phase I trial of the drug, which inhibits some of the white blood cells that activate inflammation in autoimmune conditions, later this year.

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