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Pharvaris Announces $70 Million Private Placement Financing

PRIVATEJun 20, 2023

Amount Raised

$70 Million

Round Type

Post-IPO Equity

ZugBiotechnologyHealth CareTherapeutics

Description

Pharvaris (Nasdaq: PHVS), a clinical-stage company focused on the development and commercialization of novel oral bradykinin-B2-receptor antagonists for the treatment of hereditary angioedema (HAE) and other bradykinin-B2-receptor-mediated indications, today announced that it has entered into a subscription agreement relating to the offer and sale of an aggregate of 6,951,340 ordinary shares of the Company, par value €0.12 per share (the “Ordinary Shares”), in a private placement (the “Offering”) to a group of institutional investors, led by General Atlantic and venBio Partners with participation from Bain Capital Life Sciences, Foresite Capital, and Venrock Healthcare Capital Partners, at an offering price of $10.07 per share, for gross proceeds of approximately $70 million before deducting any offering-related expenses.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Oragenics raised $850K (Series C) on August 4, 2023.
  • Ikena Oncology raised $43M on August 4, 2023.
  • PredxBio raised $601K (Seed) on August 4, 2023.
  • ADARx Pharmaceuticals, Inc. raised $200M on August 2, 2023.
  • Solu Therapeutics raised an undisclosed amount (Seed) on August 1, 2023.
  • KayoThera, Inc. raised an undisclosed amount (Series A) on July 19, 2023.

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Company Information

Company

Pharvaris

Location

Zug, Zug, Switzerland

About

Pharvaris is a clinical-stage company focused on bringing oral bradykinin-B2-receptor antagonists to patients. By targeting this clinically proven therapeutic target with novel small molecules, the Pharvaris team is advancing new alternatives to injected therapies for all sub-types of HAE and other bradykinin-mediated diseases. The company brings together executives with a breadth of expertise across pharmaceutical development and rare disorders, including HAE. The company reunites the core team responsible for the discovery and approval of the HAE treatment icatibant. With novel small molecules, we have identified and are advancing potent, orally available compounds targeting this clinically proven therapeutic target.

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Pharvaris 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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