Assure Tech (Hangzhou) Co. Ltd. made its debut on the Shanghai Stock Exchange Star Market and raised ¥1.2 billion (US$188 million) in the IPO. Its shares increased 19.28% in the middle of the first trading day but closed 6.73% lower the second day.
Sense Biodetection Ltd. closed a $65 million series B investment round on a high note with an additional $15 million pouring in from previous investors. The Abingdon, England-based company raised $50 million in a first tranche of the round in April. Koch Disruptive Technologies LLC, a subsidiary of Koch Industries Inc., led both parts of the round.
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.
Aquyre Biosciences Inc., formerly known as Lltech, raised $19,945,534 in a series A2 preferred stock financing round to fund commercialization of its Celtivity system for on-site adequacy assessments of tissue biopsies. Ceros Financial Services acted as placement agent for more than $17.14 million of the funds raised in this round as part of its recently announced commitment to raise $100 million in the next 12 months for investment in early-stage medical technology and medical device companies.
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