Calif. drugmaker hopes to secure $80M from IPO

08/27/2014 | American City Business Journals

Calithera Biosciences, a California-based developer of cancer drugs led by CEO Susan Molineaux, aims to raise $80 million in an initial public offering. The company is working on a drug, CB-839, designed to block glutaminase, a nutrient that cancer cells consume for energy. Calithera plans to conduct trials to evaluate the drug's efficacy against breast cancer, acute lymphocytic leukemia, acute myeloid leukemia, multiple myeloma and non-Hodgkin lymphoma.

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