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British American Tobacco’s Btomorrow Ventures Leads $25.4M Series A For Cannabinoid Biotech Co. Trait Bio

Trait Biosciences, a leading cannabinoid biotechnology research organization, announced that it has completed a C$31 million ($25.46 million) Series A financing round led by the corporate venturing unit of British American Tobacco (NYSE: BTI), Btomorrow Ventures, and backed by Gotham Green Partners.

BTI

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Kodiak Sciences Reported in 8-K Filing that Baker Bros Acknowledged in a Letter that Second Funding Amount Would Not Paid; Royalty Amount on Sales of KSI-301 Would be Reduced from $1.025B to $450M

In December 2019, Kodiak Sciences Inc. together with its subsidiary Kodiak Sciences GmbH (collectively, "Kodiak") entered into a fundinga greement (the "Funding Agreement") with certain assignees of Baker Bros.

KOD