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Avere Therapeutics secures $500 million in a Private Placement to advance its oral IL-23 therapy AVR-001, supported by a notable investor syndicate.

RECENTLY ACQUIREDAug 10, 2026

Amount Raised

$500 Million

Round Type

Post-IPO Equity

BiotechnologyHealth CareTherapeutics

Investors

Wedbush & Co., LLCUBS Investment BankEvercore ISITD CowenJefferies

Description

Avere Therapeutics announced a $500 million private placement from leading healthcare investors to bolster its balance sheet and support the development of AVR-001. The funding is expected to fully finance Avere's operating plan into 2029. This follows a previously disclosed $320 million concurrent private investment. The combined proceeds will help advance Avere's lead program.

Who else raised in Therapeutics and Biotechnology around the same time

Companies in the same sectors as Avere Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • Rejuvenation Technologies raised an undisclosed amount on September 24, 2026.
  • Kasvu Therapeutics raised $34M (Series A) on September 24, 2026.
  • ViferaXS raised $14M (Series A) on September 23, 2026.
  • Kinoxis Therapeutics raised $5M (Seed) on September 23, 2026.
  • Aqua Medical raised an undisclosed amount (Series B) on September 23, 2026.
  • Anacalypsis Therapeutics raised an undisclosed amount (Pre-Seed) on September 21, 2026.

Who to call at Avere Therapeutics, and when

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Company Information

Company

Avere Therapeutics

About

Avere Therapeutics, Inc. is a privately-held biotechnology company advancing oral therapies for IL-23 driven inflammatory diseases. They focus on developing differentiated treatment options to improve patient outcomes. The company's lead program, AVR-001, targets psoriasis and ulcerative colitis.

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Avere Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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