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Kymera Announces $150 Million Private Placement Equity Financing

PRIVATEAug 19, 2022

Amount Raised

$150 Million

Round Type

Post-IPO Equity

WatertownBiotechnologyHealth CareTherapeuticsBiopharma

Description

Kymera Therapeutics, Inc. (NASDAQ: KYMR), a clinical-stage biopharmaceutical company advancing targeted protein degradation to deliver novel small molecule protein degrader medicines, has entered into a securities purchase agreement with certain existing and new accredited investors to issue and sell an aggregate of 2,769,228 shares of its common stock (“Common Stock”) at a price of $26.00 per share and pre-funded warrants (“Pre-Funded Warrants”) to purchase up to an aggregate of 3,000,000 shares of Common Stock at a purchase price of $25.9999 per pre-funded warrant share, through a private investment in public equity (“PIPE”) financing. The Pre-Funded Warrants will have an exercise price of $0.0001 per share of Common Stock, be immediately exercisable and remain exercisable until exercised in full. Kymera anticipates the gross proceeds from the PIPE to be approximately $150.0 million, before deducting offering expenses

Quick answer

Kymera raised $150 Million in a Post-IPO Equity round, dated August 19, 2022. Kymera is based in Watertown, South Dakota, United States.

How much did Kymera raise?
Kymera raised $150 Million in a Post-IPO Equity round on August 19, 2022.
What does Kymera do?
About Kymera Therapeutics Kymera is a biopharmaceutical company pioneering the field of targeted protein degradation, a transformative approach to address disease targets and pathways inaccessible with conventional..
Where is Kymera based and how big is it?
Kymera is based in Watertown, South Dakota, United States.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biopharma around the same time

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

  • CASI Pharmaceuticals raised an undisclosed amount on September 23, 2022.
  • SpringWorks raised $225M (Post-IPO Equity) on September 7, 2022.
  • Abivax raised $49M (Funding Round) on September 2, 2022.
  • LumaBridge raised an undisclosed amount (Private Equity) on August 23, 2022.
  • AEON Biopharma raised $30M (Funding Round) on August 3, 2022.
  • Theriva Biologics raised $3M (Seed) on July 29, 2022.

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Company Information

Company

Kymera

Location

Watertown, South Dakota, United States

About

About Kymera Therapeutics Kymera is a biopharmaceutical company pioneering the field of targeted protein degradation, a transformative approach to address disease targets and pathways inaccessible with conventional therapeutics.

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