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Fogpharma Announces $178 Million Series D Financing To Advance Pipeline Of First-In-Class Helicon Polypeptide Therapeutics Targeting Major Cancer Drivers

Nov 21, 2022about 3 years ago

Amount Raised

$178 Million

Round Type

series d

CambridgeBiotechnologyHealth CareTherapeuticsPharmaceutical

Investors

Casdin CapitalHbm Healthcare InvestmentsFarallon Capital ManagementGv, Cormorant Asset ManagementDeerfield ManagementVen Bio PartnersFidelity Management & Research CompanyMilky Way InvestmentsArch Venture Partners

Description

FogPharma®, a biopharmaceutical company pioneering a new class of precision medicines that could ultimately prove applicable to the vast majority of therapeutic targets, including those previously considered “undruggable,” today announced a $178 Million Series D financing. The financing round includes new investors ARCH Venture Partners, Milky Way Investments and Fidelity Management & Research Company and existing investors VenBio Partners, Deerfield Management, GV, Cormorant Asset Management, funds and accounts advised by T. Rowe Price Associates, Inc., Invus, Farallon Capital Management, HBM Healthcare Investments, Casdin Capital, and PagsGroup, also participated.

Company Information

Company

FogPharma

Location

30 ACORN PARK DRIVE

Cambridge, Massachusetts, United States

About

FogPharma is developing a new class of drugs to address the limitations of today’s precision medicines and achieve universal druggability. The company is pioneering the discovery, development and commercialization of HeliconTM peptides, a new drug modality that uniquely combines the broad targeting power of monoclonal antibodies with the cell-penetrating ability of small molecules. HeliconTM peptides hold the promise, not only to drug nearly all human disease drivers, but also to do so with unrivaled speed and scalability.

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