Covington Reps Biopharma Co. Landos' $60M Funding Round

Law360 (August 13, 2019, 6:38 PM EDT) -- Landos Biopharma on Tuesday said investors handed over $60 million in its latest funding round, as the Covington & Burling LLP-guided autoimmune disease treatment developer aims to advance clinical trials for a leading drug candidate. 

Blacksburg, Virginia-based Landos said RTW Investments and Perceptive Advisors LLC co-led the series-B funding round, while new investors Osage University Partners and PBM Capital also participated.

Landos markets itself as a clinical-stage biopharmaceutical company specializing in treatments for autoimmune diseases. The company’s leading drug candidate, known as BT-11, is in the midst of clinical trials and has shown promising results for the treatment of ulcerative colitis...

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