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Elk Grove Village, Ill., September 5, 2015 — RiMO Therapeutics, a nano-pharmaceutical company commercializing the nanoscale coordination polymer (NCP) technology for radiotherapy and immunotherapy of recurrent and metastatic solid tumors, has closed angel round investment. The angel investors, friends and relatives of Dr. Wenbin Lin, share his passion for developing disruptive technologies for combating the most difficult to treat cancers. The angel round funds will be used to carry out IND-enabling preclinical studies in Fall 2015 and spring 2016. The angel round funds are expected to last through the first phase I trial on radiotherapy of recurrent head and neck cancer.
“I am grateful to my friends and families for their strong support and for their faith in our revolutionary technologies for cancer radiotherapy and immunotherapy,” said Wenbin Lin, Founder and Chairman of RiMO Therapeutics. “I am excited to embark on a new journey to shepherd the RiMO technology through the preclinical development phase.”