Topic:
Venture Capital
Latest Headlines
Latest Headlines
Cardeas banks $34M round for PhII antibiotic
H.I.G. BioVentures has stepped up to lead a $34 million round for Seattle-based Cardeas Pharma, which is developing new antibiotics for drug-resistant bacterial infections.
BTG snaps up new technologies in $420M deal splurge
In a bid to join the billion-dollar sales club, the UK's BTG has snapped up a pair of operations with new delivery tech and a treatment for deep vein thrombosis for up to $420 million—most of that in cash. And it's selling a chunk of shares to help pay for it all.
VC: Kineta, Oligomerix gain fresh venture backing for R&D programs
A group of ex-oil traders who created a new private equity group dubbed Hydra has decided to back the two lead programs at Seattle-based Kineta. There's no word on just how much they're investing in the biotech, but the "major investment" will be used to develop ShK-186, a Phase I immune-sparing autoimmune disease drug, and rOAS, a pan-viral therapeutic "aimed at an array of high priority contagious pathogens" now headed into the clinic.
Karyopharm grabs $48M round for pipeline work
Natick, MA-based Karyopharm Therapeutics has banked $48.2 million in Series B cash. The funds will be used to advance its pipeline of selective inhibitors of nuclear export (SINE) drug candidates for hematologic and solid tumors.
Effector Therapeutics snags $45M venture round from A-list backers
Effector Therapeutics has rallied marquee investors for a sizable $45 million Series A financing, determined to use discoveries in protein translation to mine for new cancer drugs.
Merck KGaA gives corporate venture fund a €60M boost
Merck KGaA signaled Thursday that it will make a bigger commitment to investing in emerging biotech companies.
Amgen, Novartis aim to fuel biotech startups in alliances with Atlas Venture
For Amgen and Novartis, investing in the latest fund from Atlas Venture wasn't enough. The Cambridge, MA-based venture firm has struck separate agreements with the two major drugmakers to join forces on biotech startups.
UPDATED: Billionaires back Kite Pharma in $20M raise for cancer immunotherapies
Los Angeles-based biotech startup Kite Pharma has locked in $20 million in a private placement with its new investor Alta Partners and previous backers. By converting $15 million in previous promissory notes to stock, the company has increased the first-round financing to $35 million.
Tokai lands $35M venture round for triple-threat prostate cancer drug
Just a few weeks after bidding farewell to its longtime CEO, Cambridge, MA-based Tokai Pharmaceuticals has rounded up $35.5 million in Series E cash to push into an expanded mid-stage study of its triple-threat treatment for prostate cancer.
UPDATED: Third Rock Ventures expands roster with Alnylam's CEO and Genzyme/Sanofi vet
Alnylam Pharmaceuticals CEO John Maraganore has joined Third Rock in the advisory role of venture partner, reunited in a way with his former Millennium Pharmaceuticals colleagues who launched the venture firm 6 years ago.
