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Silverback Therapeutics Raises $85 Million in Series C Financing; Company Announces Executive Promotions

PRIVATESep 23, 2020

Amount Raised

$85 Million

Round Type

Series C

LausanneBiotechnologyHealth CareTherapeutics

Description

Silverback Therapeutics, Inc. (“Silverback”) (“the Company”), a clinical-stage biopharmaceutical company leveraging its proprietary ImmunoTAC technology platform to develop systemically delivered and tissue-targeted therapeutics for the treatment of cancer and other serious diseases, today announced the close of an $85 million Series C financing round. EcoR1 Capital led the round, with participation from new investors including Boxer Capital of Tavistock Group, Fidelity Management & Research Company LLC, Nantahala Capital Management, and RA Capital. Existing investors also participating in the financing included OrbiMed Advisors, U.S

Quick answer

Asceneuron raised $85 Million in a Series C round, dated September 23, 2020. Asceneuron is based in Lausanne, Vaud, Switzerland.

How much did Asceneuron raise?
Asceneuron raised $85 Million in a Series C round on September 23, 2020.
What does Asceneuron do?
Asceneuron is a clinical stage biotech company focused on the development of orally bioavailable therapeutics for debilitating neurodegenerative disorders with high unmet medical need.
Where is Asceneuron based and how big is it?
Asceneuron is based in Lausanne, Vaud, Switzerland.

Source: Fundz verified event record.

Who else raised in Therapeutics and Biotechnology around the same time

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

  • Viridian Therapeutics raised $91M on November 6, 2020.
  • Damora Therapeutics, Inc. raised $64M on November 5, 2020.
  • Strata Oncology raised $5M on November 4, 2020.
  • Lipella Pharmaceuticals raised $405K (Seed) on November 4, 2020.
  • AbSci Corp raised $65M on October 30, 2020.
  • Q32 Bio raised $60M (Series B) on October 29, 2020.

Who to call at Asceneuron, and when

A new round usually means Asceneuron is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Asceneuron

Location

Lausanne, Vaud, Switzerland

About

Asceneuron is a clinical stage biotech company focused on the development of orally bioavailable therapeutics for debilitating neurodegenerative disorders with high unmet medical need. The company's pipeline reflects its ambition and commitment to developing treatments for a wide a range of neurodegenerative diseases including Alzheimer's and Parkinson's disease, as well as orphan tauopathies. Asceneuron has two clinical-stage small molecule O-GlcNAcase inhibitors in development for the treatment of proteinopathies: OGA inhibitor ASN90 (licenced to Ferrer Pharmaceuticals) for the treatment of progressive supranuclear palsy (PSP) and a potential best-in-class OGA inhibitor, ASN51 for Alzheimer's disease. Details of the ongoing clinical trial in healthy volunteers can be found on clinicaltrials.gov under the identifiers NCT04759365 and NCT05725005. Asceneuron is a privately held company financed by a renowned syndicate of investors consisting of Sofinnova Partners, M Ventures, SR One, Johnson & Johnson Innovation – JJDC, Inc. (JJDC) and Kurma Partners. For more information, please visit www.asceneuron.com. SOURCE Asceneuron SA

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Asceneuron 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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