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The Biotech Brief · Vol. 3 · 10 Nov 2026

Early money, earlier CMC

News from the previous week · Biotech, R&D & Clinical

$90MAlethio's Series A to take its Oxford MPN antibody into the clinic
$35MSpecific Biologics' Series A for a single-AAV gene editor in ALS
2011Year of the FDA potency guidance that the new final version replaces

Funding & Financings

Alethio raises $90M for MPNs

Sofinnova and RA Capital co-led the Oxford spinout's Series A. Its G6B antibody, ATX-011, goes after the cells that start the disease and is expected in the clinic in the first half of 2028.

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Specific Biologics raises $35M to edit out ALS repeats

Hatteras led the Toronto company's Series A. Its Dualase editor fits in a single AAV, and the money runs to a first-cohort biomarker readout in C9ORF72 ALS.

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Why it matters: both rounds pay for the jump from preclinical to a first trial, which is where the team changes most.

Regulatory & Clinical

FDA finalises potency rules for cell and gene therapies

Sponsors now need a potency assurance strategy from the IND onwards, and thin potency data can be grounds for a clinical hold. It replaces guidance from 2011.

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Why it matters: analytical development is now an IND-stage job, not a pre-BLA one.

Leadership Moves

ARTHEx hires Christian Freitag as CMO

The former Azafaros and Dynacure CMO joins the Valencia RNA company as its Fast Track DM1 drug, ATX-01, runs in a Phase I/IIa trial.

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Talent Insight

The first trial changes the org chart

  • A new Series A that funds a first trial usually brings first hires in clinical development, regulatory affairs and CMC.
  • With potency expected at IND, analytical and regulatory CMC people with viral vector experience become early hires for cell and gene therapy teams.
  • Worth watching: Rare disease companies moving from early to registrational trials tend to hire a CMO with late-stage experience first, then build underneath them.

Building a team in Biotech, R&D & Clinical?

Jordan Griffiths specialises in Biotech, R&D & Clinical hiring at QP Group. Talk to Jordan about the market, salaries or a search.

Email Jordan · jordan.griffiths@qpexec.com →
Jordan Griffiths
Jordan GriffithsBusiness Consultant · R&D, Clinical
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