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TORL BioTherapeutics closed an oversubscribed $158M Series B-2 financing round to advance clinical development of its novel antibody-drug conjugate oncology pipeline.

PRIVATEApr 10, 2024

Amount Raised

$158 Million

Round Type

Series B

Culver CityBiotechnologyHealth CareTherapeuticsPharmaceuticalBiopharma

Description

TORL BioTherapeutics has closed an oversubscribed $158M Series B-2 financing round, with the proceeds intended for advancing the clinical development of its novel antibody-drug conjugate oncology pipeline.

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Company Information

Company

TORL BioTherapeutics

Location

Culver City, California, United States

About

TORL BioTherapeutics is building a preeminent biopharmaceutical company dedicated to the discovery, development, and commercialization of antibody-based therapies to improve and extend the lives of people with cancer worldwide. Through a strategic partnership with the Slamon Research Lab at UCLA, TORL has exclusive development and commercial rights to a large program of biologics-based drugs for promising, and novel cancer targets.

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Related People

3 contacts
Verified contactsChristine L., Chief Operating Officer hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

TORL BioTherapeutics 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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