Cardiff Oncology Announces $15 Million Equity Investment From Pfizer Through Its Pfizer Breakthrough Growth Initiative
Amount Raised
$15 Million
Round Type
Venture
San DiegoBiotechnologyHealth CareScience And EngineeringDescription
Cardiff Oncology, Inc. (Nasdaq: CRDF), a clinical-stage oncology company developing new precision medicine treatment options for cancer patients in indications with the greatest unmet medical need (including KRAS-mutated colorectal cancer, pancreatic cancer and castrate-resistant prostate cancer), today announced that Pfizer Inc. (NYSE: PFE) has made a $15 million equity investment in the company as part of the Pfizer Breakthrough Growth Initiative, a program focused on funding innovative science to meet patient needs. Pursuant to a securities purchase agreement between the parties, Pfizer purchased 2.4 million shares of Cardiff Oncology's common stock at a price of $6.22 per share.
Quick answer
Cardiff Oncology raised $15 Million in a funding round, dated November 18, 2021. Cardiff Oncology is based in San Diego, California, United States.
- How much did Cardiff Oncology raise?
- Cardiff Oncology raised $15 Million in a funding round on November 18, 2021.
- What does Cardiff Oncology do?
- Cardiff Oncology is a clinical-stage biotechnology company leveraging PLK1 inhibition, a well-validated oncology drug target, to develop novel therapies across a range of cancers.
- Where is Cardiff Oncology based and how big is it?
- Cardiff Oncology is based in San Diego, California, United States. Fundz records about 31 employees.
- Who are the decision-makers at Cardiff Oncology?
- Fundz holds 1 contact at Cardiff Oncology. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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