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Opna Bio Launches With $38 Million Series A Financing To Advance Novel Oncology Discovery Program And Diversified Pipeline Of Clinical And Preclinical Programs

PRIVATENov 21, 2022

Amount Raised

$38 Million

Round Type

Series A

LausanneBiotechnologyHealth CareTherapeuticsBiopharma

Investors

Menlo VenturesNorthpond VenturesLongitude Capital

Description

Opna Bio, a clinical-stage biopharmaceutical company focused on the discovery and development of novel oncology therapeutics, announced today that it has raised $38 million in a Series A financing, led by Longitude Capital and Northpond Ventures, with additional participation from Menlo Ventures. The proceeds will be used to develop novel fragile-X mental retardation protein (FMRP) inhibitors in oncology as well as a diverse portfolio of clinical and preclinical oncology programs acquired from Plexxikon Inc.

Quick answer

Opna Bio raised $38 Million in a Series A round, dated November 21, 2022. Investors: Menlo Ventures, Northpond Ventures and Longitude Capital. Opna Bio is based in Lausanne, Vaud, Switzerland.

How much did Opna Bio raise?
Opna Bio raised $38 Million in a Series A round on November 21, 2022.
Who invested in Opna Bio?
Menlo Ventures, Northpond Ventures and Longitude Capital are named as investors in this round.
What does Opna Bio do?
Opna Bio is a clinical-stage biopharmaceutical company focused on the discovery and development of novel oncology therapeutics.
Where is Opna Bio based and how big is it?
Opna Bio is based in Lausanne, Vaud, Switzerland.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biopharma around the same time

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

  • HighTide Therapeutics raised $107M (Series C) on January 5, 2023.
  • GenSight Biologics raised $13M (Convertible Note) on December 23, 2022.
  • Madrigal Pharmaceuticals raised $300M (Funding Round) on December 21, 2022.
  • Alpha-9 Theranostics raised $75M (Series B) on December 14, 2022.
  • Parabilis Medicines raised $178M (Series D) on November 21, 2022.
  • Parabilis Medicines raised $178M on November 17, 2022.

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Company Information

Company

Opna Bio

Location

Lausanne, Vaud, Switzerland

About

Opna Bio is a clinical-stage biopharmaceutical company focused on the discovery and development of novel oncology therapeutics. The company’s broad portfolio targets multiple drivers of cancer, including a novel oncology discovery program focused on the fragile-X mental retardation protein (FMRP) and a diversified pipeline of validated oncology assets acquired from Plexxikon. The Opna team has a proven track record of scientific expertise and commercial value creation, having advanced multiple FDA-approved drugs to market. In addition to its discovery-stage FMRP program, Opna’s lead clinical compound, OPN-2853, a bromo and extra terminal (BET) domain inhibitor, is currently in a Phase 1/2 trial with ruxolitinib (Jakafi®) in myelofibrosis, a chronic bone marrow disorder. The company also expects to initiate a Phase 2 study with OPN-7486, a colony stimulating factor 1 (CSF1) receptor inhibitor, in 2023. For more information, please visit opnabio.com.

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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

Opna Bio 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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