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BioWorld - Friday, July 17, 2026
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Home » Alnylam’s founder brings in a $135M series A for City Therapeutics
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Drug design, drug delivery & technologies

Alnylam’s founder brings in a $135M series A for City Therapeutics

Oct. 14, 2024
By Lee Landenberger
The founding CEO of Alnylam Pharmaceuticals Inc. is now leading the charge with newly launched City Therapeutics Inc., which just completed a $135 million series A financing. City’s executive chair, John Maraganore, will be in familiar territory as the new company plans to develop RNAi-based medicines using next-generation siRNA engineering. He expects dozens of these therapies to reach the market in a relatively short period of time, not just from City Therapeutics but from other companies. It’s a period in the development timeline that he finds reminiscent of the rise and development of monoclonal antibodies.
BioWorld Science Financings Newco news Drug design, drug delivery and technologies RNAi Series A U.S.

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