Lexeo brings in $95M; FDA lifts hold on Nurix cancer trial

Plus, news about Ventyx Biosciences, CEPI, Evolus, Recursion and Sensorion:

Lexeo Therapeutics raises $95M: The financing is nearly the same size as the gene therapy maker’s $100 million IPO four months ago. The new money from Novo Holdings and other investors is expected to give the clinical-stage biotech runway into 2027. — Kyle LaHucik

Nurix Therapeutics gets FDA go-ahead to continue trial: The regulator lifted its partial hold on Nurix’s Phase Ia/Ib clinical trial investigating NX-2127 to treat B-cell malignancies. The FDA halted the trial in November after the company said it wanted to change the manufacturing process for the drug. NX-2127 works by degrading ​​BTK and IMiD neosubstrates. — Anna Brown

Ventyx Biosciences’ stock sinks on pipeline reorganization: The San Diego startup announced plans to shift focus to two NLRP3 inhibitor programs and partner out a third program, VTX002. Last October, VTX002 succeeded in a Phase II study in ulcerative colitis but analysts wondered whether it could compete with other programs. The reorganization follows a $100 million PIPE announced on Thursday. Ventyx shares $VTYX fell about 20% on Monday. — Max Gelman

CEPI raises $57 million for Covid-19 challenge trials: The studies will examine the effectiveness of nasal and inhaled vaccines in preventing Covid-19. Researchers from Imperial College London will lead the five-year international project. — Max Gelman

Evolus prices $50M offering: The California medical aesthetics company expects to raise the money to grow its neurotoxin Jeuveau business and its line of dermal fillers. — Kyle LaHucik

Recursion opens a London office: The Salt Lake City biotech and its subsidiary Valence Lab are launching in London, with plans to open a new office in King’s Cross in June. The company also appointed Michael Bronstein, an artificial intelligence professor at the University of Oxford, as a scientific advisor. — Anna Brown

Sensorion’s hearing preservation drug reaches proof of concept: The biotech’s SENS-401 met the primary endpoint in a Phase IIa test of 28 patients who underwent a cochlear implant. The study has now finished, and complete data are set to be published in the third quarter. SENS-401 is also in a Phase II trial for the prevention of cisplatin-induced ototoxicity. — Ayisha Sharma

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