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Announced

Completed

BlackRock led a $75 series C round in Immunocore.

Financials

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Transaction Value£54m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Private

Private Equity

Venture Capital

Completed

Minority

Biotechnology

biotechnology company

United Kingdom

Single Bidder

Cross Border

Synopsis

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BlackRock led a $75 series C funding round in Immunocore, a late-stage biotechnology company. The proceeds will enable Immunocore to further expand and accelerate its growing clinical stage pipeline of ImmTAX™ (Immune mobilising monoclonal TCRs Against Cancer, Infectious Diseases and Autoimmune) molecules, including its lead program tebentafusp (IMCgp100). “This successful financing represents another validating milestone for Immunocore as we continue our pioneering work in the field of soluble, bispecific TCR immunotherapies to treat a broad range of diseases. The support of our new and existing investors represents a further endorsement of the potential of our powerful technology platform. Following the recent positive Phase 3 data for tebentafusp, we are working to progress this investigational agent through the regulatory process as a potential new treatment to metastatic uveal melanoma patients with a high unmet need," Bahija Jallal, Immunocore CEO.

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