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Onchilles Pharma Raises $7 Million Series A To Advance Drug Candidates To Activate Newly Discovered Broad-Acting Anticancer Pathway

PRIVATEJun 10, 2021

Round Type

Series A

San DiegoBiotechnology

Description

Onchilles Pharma announced today a $7 Million Series A financing from LYZZ Capital and includes a $500,000 investment from the University of Chicago’s Startup Investment Fund. The proceeds of the financing will be used to develop first-in-class therapeutics to activate a novel pathway of the innate immune system with potential for universal anti-cancer activity, independent of genetic mutation. Research published in today’s issue of Cell is the first to describe this pathway where human neutrophils release catalytically active neutrophil elastase, called ELANE, to selectively kill many cancer cell types while sparing non-cancer cells.

Who else raised in Biotechnology around the same time

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

  • Transcera Inc. raised $1M (Seed) on July 23, 2021.
  • Wugen raised $99M on July 23, 2021.
  • Wugen raised $37M on July 23, 2021.
  • Arzeda raised $26M on July 22, 2021.
  • Kandu Health™ raised $260M on July 22, 2021.
  • Phytoform raised $5.5M on July 22, 2021.

Who to call at Onchilles Pharma, and when

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Company Information

Company

Onchilles Pharma

Location

San Diego, California, United States

About

Onchilles Pharma was founded on breakthrough research of a novel neutrophil pathway that when activated selectively and comprehensively kills cancer cells. Based on this research, the private biotech company is developing a pipeline of first-in-class drug candidates that have the potential to be broadly effective against a wide range of cancers. Onchilles is headquartered at the Alexandria GradLabs in San Diego.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Onchilles Pharma 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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