FACIT Features: OICR Launches CTIP Initiative

December 6, 2017 – The Clinical Therapeutics Innovation Pipeline (CTIP) will support the local translation of Ontario discoveries into therapies with the potential for improving the lives of patients with cancer. Ten projects were selected in this highly competitive funding round, and reflect the strength of the province’s collaborative network and drug discoveries.

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FACIT Features: Turnstone and AbbVie Announce Collaboration

October 11, 2017 – Turnstone Biologics, a startup co-founded by FACIT, announced a research, option and license agreement with AbbVie Inc. for up to three of Turnstone’s next-gen oncolytic viral immunotherapies. This partnership deepens the Ontario roots established by FACIT and its co-founders, expanding the scale of innovative research and local career opportunities for scientists.

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FACIT Portfolio Company Fusion Pharmaceuticals Closes US$46M Oversubscribed Series A

September 25, 2017 – FACIT congratulates Fusion on completing the second closing of their Series A, now oversubscribed at US$46M, with new investors joining including Adams Street Partners, Seroba Life Sciences, and Varian Medical Systems Inc. FACIT participated in both, this latest closing and as an early seed investor in Fusion.

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FACIT Launches Cross-border Campaign to Recruit Clinical Scientists and Biotechnology Industry Executives

July 18, 2017 – FACIT is expanding and updating its database of US-based industry advisors for roles ranging from investment diligence to full time management roles in Ontario-based biotech start-ups.

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