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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

PUBLIC · PBLSNov 21, 2022

Amount Raised

$178 Million

Round Type

Series D

CambridgeBiotechnologyHealthcareHealth CareTherapeuticsPharmaceuticalBiopharma

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.

Quick answer

Parabilis Medicines raised $178 Million in a Series D round, dated November 21, 2022. Investors: Casdin Capital, HBM Healthcare Investments, Farallon Capital Management, Gv, Cormorant Asset Management, Deerfield Management, Ven Bio Partners, Fidelity Management & Research Company and Milky Way Investments. Parabilis Medicines is based in Cambridge, Massachusetts, United States.

How much did Parabilis Medicines raise?
Parabilis Medicines raised $178 Million in a Series D round on November 21, 2022.
Who invested in Parabilis Medicines?
Casdin Capital, HBM Healthcare Investments, Farallon Capital Management, Gv, Cormorant Asset Management, Deerfield Management, Ven Bio Partners, Fidelity Management & Research Company and Milky Way Investments are named as investors in this round.
What does Parabilis Medicines do?
Parabilis Medicines™ is a clinical-stage biopharmaceutical company dedicated to creating extraordinary medicines for people living with cancer.
Where is Parabilis Medicines based and how big is it?
Parabilis Medicines is based in Cambridge, Massachusetts, United States. Fundz records about 170 employees.
Who are the decision-makers at Parabilis Medicines?
Fundz holds 1 contact at Parabilis Medicines, including the Chairman, CEO and President. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare and Therapeutics around the same time

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

  • Madrigal Pharmaceuticals raised $300M (Funding Round) on December 21, 2022.
  • Os Therapies raised $2M on November 16, 2022.
  • MBX Biosciences, Inc. raised $47M on November 7, 2022.
  • HighTide Therapeutics raised $107M (Series C) on January 5, 2023.
  • Citius Pharmaceuticals, Inc. raised $3.6M (Seed) on November 21, 2022.
  • Renibus Therapeutics raised $33M (Funding Round) on November 14, 2022.

Who to call at Parabilis Medicines, and when

A new round usually means Parabilis Medicines is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Parabilis Medicines

Location

30 Acorn Park Drive

Cambridge, Massachusetts, United States

About

Parabilis Medicines™ is a clinical-stage biopharmaceutical company dedicated to creating extraordinary medicines for people living with cancer. Through our pioneering Helicon™ discovery platform, Parabilis is engineering precisely-tuned, stabilized helical peptide therapeutics that have the potential to unlock a large number of traditionally undruggable targets. FOG-001, our first-in-class TCF-blocking β-catenin inhibitor and lead clinical program, is being evaluated in a Phase 1/2 study for patients with colorectal cancer and other solid tumors and is proof of the applicability of our platform to address undruggable intracellular protein-protein targets. We are additionally advancing a pipeline of other first-in-class programs that target proteins known to be relevant to numerous cancers, but considered intractable with traditional drug modalities. The versatility of the Helicon approach allows for the discovery of multiple targeting mechanisms, including functional protein-protein interaction inhibitors, bifunctional degraders, and radioligand therapeutics. We are headquartered in Cambridge, Mass., and are well-capitalized, with more than $500 million raised to date from leading life sciences investors.

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Related People

1 contact
Verified contactsMathai M., Chairman, CEO and President hiddenSee plans and pricing
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Parabilis Medicines 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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