XTuit Pharmaceuticals brings in $4M investment for cancer research

Kathy Mahdoubi | | Health Imaging | Molecular Imaging

A $4 million boon is going to Waltham, Mass.-based biomedical company XTuit Pharmaceuticals. The cancer therapy researchers behind XTuit plan to raise an additional $6 million in investments, according to a recent filing with the U.S. Securities and Exchange Commission.

The company focuses on research that looks into the hidden world of the tumor microenvironment. The funds could also be used to develop new diagnostic and therapeutic drugs based on the research.

Established in 2011, XTuit Pharmaceuticals was founded by Rakesh Jain, PhD, a Harvard professor of tumor biology and radiation oncology; Robert S. Langer, PhD, a professor of biotechnology at the Koch Institute at MIT; and Alan Crane, an entrepreneur from Polaris Partners.

Kathy Mahdoubi

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