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Home » Topics » Private » Series A

Series A
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Syncona’s kidney disease gene therapy play: Purespring seeks answers to $60M questions

Nov. 19, 2020
By Cormac Sheridan
DUBLIN – Health care investor Syncona Ltd. has founded a new startup, Purespring Therapeutics Ltd., to take gene therapy into the kidney. It is committing £45 million (US$59.6 million) in series A funding, which will support the build-out of the new company and take at least one program into the clinic.
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Metagenomi launches with $65M series A and long leash in gene editing

Nov. 12, 2020
By Lee Landenberger
Metagenomi Inc. has raised a $65 million series A financing to expand its gene editing abilities, advance its research and validate its pipeline in preclinical studies. The company’s CRISPR-based systems use algorithms for screening thousands of genomes from microorganisms to advance therapies for use in oncology, genetic diseases and possibly much more.
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Liver disease

Inipharm to use its $35M series A for liver-related therapies

Nov. 11, 2020
By Lee Landenberger
Though founded in 2018, Inipharm Inc. has just closed on a $35 million series A financing designed to push its lead program through an IND filing and into the clinic to treat liver-related diseases.
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Lymphocyte

Be Biopharma launches with a $52M series A to develop engineered B-cell medicines

Oct. 22, 2020
By Brian Orelli
Be Biopharma Inc. is looking to develop engineered B cells to treat a wide range of diseases. The new category of cellular medicine is based on the work of David Rawlings and Richard James, researchers at Seattle Children’s Research Institute and the University of Washington.
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Aavantibio, with help from Sarepta, comes on with a $105M series A

Oct. 22, 2020
By Lee Landenberger
Aavantibio Inc., with the help of a large check from Sarepta Therapeutics Inc., has launched with a $107 million series A to pursue gene therapies for treating rare genetic diseases. The lead program is in Friedreich’s ataxia (FA), a rare genetic disease that typically begins in childhood and causes progressive damage to the nervous system.
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Hand holding gear, dollar sign

Dren’s $60M series A to propel it through preclinical development

Oct. 19, 2020
By Lee Landenberger
Dren Bio Inc. has closed on a $60 million series A to push its two lead programs through early clinical development. The company’s DR-01 is an antibody-based therapy for treating rare leukemias, lymphomas and specific phenotypes of autoimmune disorders. The company said it is initially targeting neglected hematology-oncology indications.
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Dollar sign in piggy bank

Radioheads: Rayzebio closes $45M for targeted radiopharmaceuticals

Oct. 14, 2020
By Cormac Sheridan
Rayzebio Inc. raised $45 million in a series A round to build a platform company focused on developing targeted radiopharmaceuticals for solid tumor indications.
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More cashflow: Rappta Therapeutics, Chord Therapeutics close series A rounds

Oct. 13, 2020
By Cormac Sheridan
DUBLIN – The cash spigot is still turned on, as two more European firms disclosed series A rounds on Oct. 13. Chord Therapeutics SA took in €16 million (US$18.8 million) to repurpose cladribine for rare autoimmune disorders. Rappta Therapeutics Oy raised €9 million to take forward a novel concept in cancer, focused on developing small-molecule activators of protein phosphatase 2A (PP2A).
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Acute myeloid leukemia illustration

Priothera closes $35M series A round for pivotal trial to boost HSCT outcomes in AML

Oct. 12, 2020
By Cormac Sheridan
DUBLIN – Priothera Ltd. closed a €30 million (US$35.4 million) series A round to shepherd an oral sphingosine 1 phosphate (S1P) receptor agonist through clinical development in patients with acute myeloid leukemia (AML) who are undergoing allogeneic hematopoietic stem cell transplantation (HSCT).
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Diagram of device components

Australia’s Epi-Minder raises AU$18M series A to test seizure monitoring device

Oct. 9, 2020
By Tamra Sami
PERTH, Australia – Epi-Minder Pty. Ltd. has completed an oversubscribed series A round of AU$18 million (US$12.89 million) that will see its Minder epilepsy monitoring device enter a pivotal trial to support marketing applications in Europe and the U.S. The smartphone-enabled device promises to improve on wearables and other tools – such as patient diaries – that have proven to be unreliable.
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