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MAIA Biotechnology, Inc. raised $2.44 million in a private placement led by accredited investors to fund manufacturing for its Phase 2 trial in non-small cell lung cancer.

Oct 28, 202411 months ago

Amount Raised

$2.44 Million

Round Type

seed

ChicagoHealth CareBiotechnology

Investors

Company DirectorsAccredited Investors

Description

MAIA Biotechnology, Inc. announced a definitive agreement for a private placement totaling $2.44 million. The proceeds will be used for manufacturing of THIO for clinical trials and working capital.

Company Information

Company

MAIA Biotechnology

Location

Chicago, Illinois, United States

About

MAIA is a targeted therapy, immuno-oncology company focused on the development and commercialization of potential first-in-class drugs with novel mechanisms of action that are intended to meaningfully improve and extend the lives of people with cancer. Our lead program is THIO, a potential first-in-class cancer telomere targeting agent in clinical development for the treatment of NSCLC patients with telomerase-positive cancer cells.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers