Generate Biomedicines Inc., a company building a machine learning platform to discover new protein therapies, raised $370 million in series B financing supported by its founder, Flagship Pioneering, and institutional co-investors. Its team plans to have multiple preclinical programs by year-end with several moving to the clinic in 2023.
Protego Biopharma Inc. raised $51 million in a series A financing to advance the targeting of protein misfolding diseases. The fundraising is a few years on from 2017, when the idea underscoring the company’s birth was to build a platform based on small molecules that could stabilize proteins and restore their functionality.
Avilar Therapeutics Inc. emerged from stealth with a $60 million seed round and plans to apply a targeted protein degradation technology to a large swath of extracellular proteins associated with disease.
Bristol Myers Squibb Co. has completed a $20 million equity investment in Compugen Ltd., part of an ongoing expansion a collaboration between the companies to combine their medicines for the potential benefit of patients with solid tumors.
PERTH, Australia – Radiopharm Theranostics Ltd. raised AU$50 million (US$36.4 million) in an oversubscribed IPO to advance its platform of radiopharmaceutical products for both diagnostic and therapeutic uses.
Chroma Medicine Inc. emerged from stealth with $125 million in series A financing and high ambitions to rewrite the rules of genomic medicine by modulating the epigenetic status of target genes in order to switch expression on or off and thereby achieve therapeutic outcomes.
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