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FogPharma announced a $145 million Series E financing round led by Nextech Invest to support ongoing clinical development of FOG-001 and accelerate Helicon peptide portfolio.

PUBLIC · PBLSMar 01, 2024

Amount Raised

$145 Million

Round Type

Series E

CambridgeBiotechnologyHealthcareHealth CareTherapeuticsPharmaceuticalBiopharma

Investors

Milky Way InvestmentsInvusVen Bio PartnersFarallon Capital ManagementT. Rowe Price AssociatesCormorant Asset ManagementGVFidelity Management & Research CompanyARCH Venture PartnersSixty Degree CapitalCatalio Capital ManagementSymbiosisForesite CapitalSamsara BiocapitalMarshall WaceGeneral CatalystRock Springs CapitalRA Capital ManagementNextech Invest

Description

FogPharma successfully closed a $145 million Series E financing round led by Nextech Invest, with participation from other new investors including RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital, and former chairman and CEO of Johnson & Johnson, Alex Gorsky. The financing will support the ongoing clinical development of FOG-001 and accelerate the development of its robust portfolio of unique discovery programs.

Quick answer

Parabilis Medicines raised $145 Million in a Series E round, dated March 1, 2024. Investors: Milky Way Investments, Invus, Ven Bio Partners, Farallon Capital Management, T. Rowe Price Associates, Cormorant Asset Management, GV and Fidelity Management & Research Company. Parabilis Medicines is based in Cambridge, Massachusetts, United States.

How much did Parabilis Medicines raise?
Parabilis Medicines raised $145 Million in a Series E round on March 1, 2024.
Who invested in Parabilis Medicines?
Milky Way Investments, Invus, Ven Bio Partners, Farallon Capital Management, T. Rowe Price Associates, Cormorant Asset Management, GV and Fidelity Management & Research Company 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.

  • Crinetics Pharmaceuticals raised $350M on March 1, 2024.
  • vTv Therapeutics Inc. raised $51M on February 27, 2024.
  • TORL BioTherapeutics raised $158M (Series B) on April 10, 2024.
  • BioLineRx Ltd raised $20M (Pre-Seed) on April 10, 2024.
  • TORL BioTherapeutics raised $158M on April 4, 2024.
  • AEON Biopharma raised $15M (Convertible Note) on March 21, 2024.

Who to call at Parabilis Medicines, and when

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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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