CTI Life Sciences Fund’s Post

It’s time to find out who bagged the biggest private biotech investments in June 2024! 💰 The biggest funding rounds went to the companies Formation Bio, ITM Isotope Technologies Munich SE, and Marea Therapeutics. 📈 Meanwhile, around the world, oncology and central nervous system players attracted the biggest funding rounds overall. 🌍 Read our latest article to find out more about biotech’s biggest private investments in June, as we break down the investments by location and funding type, and compare June’s fundraising to previous months. 💡 https://lnkd.in/dYvuBVt9 #biotechinvestments #oncologyresearch #biotechfunding #healthcareinnovation #investmenttrends #globalbiotech #lifesciences Santa Ana Bio, Inc. | Alzheon, Inc. | Preserving Future Memories | Bright Peak Therapeutics | iOnctura | InduPro | Exsilio Therapeutics | Elion Therapeutics | Enveda Biosciences | Iambic Therapeutics | Spur Therapeutics | āshibio, Inc | Adcytherix | Envisagenics | Vilya | Frontier Medicines | Augustine Therapeutics | GPN Vaccines

AltruBio Inc., a clinical-stage biotechnology company based in San Francisco, CA, has raised $225 million in a Series B funding round. The financing was led by BVF Partners LP, with participation from new investors RA Capital Management, Cormorant Asset Management, Soleus Capital, and existing investors aMoon Fund and Blackstone Multi-Asset Investing, among others. This significant influx of capital will enable AltruBio to advance the clinical development of its lead product candidate, ALTB-268, an immune checkpoint enhancer (ICE) PSGL-1 agonist antibody. Specifically, the funds will support ongoing and planned Phase 2 clinical trials evaluating ALTB-268 as a potential treatment for ulcerative colitis (UC), a form of inflammatory bowel disease. AltruBio aims to leverage this financing to further its pipeline of immunotherapies. https://lnkd.in/gmhpkapq

#fundingalert 💼Company: SynOx Therapeutics 💰Funding: $75Million ⚡Round: Series B  👥Investors: Forbion, HealthCap, Bioqube Ventures, Jon Edwards, PhD, and Carlo Incerti. Founded in November 2020, SynOx Therapeutics Ltd.'s only goal is to develop emactuzumab for use in treating diffuse tenosynovial giant cell tumours (TGCT) and other conditions. With a solid track record of developing biopharma enterprises, SynOx has the support of a syndicate of investors. Biotech startup. The money will be used by the business to provide registrational Phase 3 clinical and CMC data for emactuzumab, a monoclonal antibody (mAb) that inhibits CSF-1(R) and may be the best in class for treating Tenosynovial Giant Cell Tumours (TGCT). Raymond Barlow, Hamina Patel, MB BCh MSc MRCPI, Broes Naeye, Sarah Clare, Sander Veltkamp. Read more - https://lnkd.in/gs-h6Kyd To share your startup story write us on - contact@startuprise.co.uk #SynOxTherapeutics #biopharma #Biotechstartup #funding #fundingnews #news #startupnews #news #startuprise

📣 Very excited to share the news that Thuja Capital has co-led a €12M Seed investment in ARTICA Therapeutics !   Artica is focused on transforming the treatment of autoimmune and inflammatory disorders by developing a pipeline of covalent drugs, which bind irreversibly to their target.   Congrats to Tjeerd Barf, Arwin Ridder, Ad IJzerman and the rest of the Artica team! 🎉   For more details check out the press release on our website, linked below.👇   #SeedInvestment #CovalentTherapeutics #AutoimmuneDisorders #InflammatoryDisorders

Redx Pharma PLC (AIM:REDX) (AIM: REDX), a clinical-stage biotechnology company focusing on developing novel therapeutics for fibrotic disease and cancer, said it plans to de-list from AIM to re-register as a private limited company.  Chair, Dr Jane Griffiths, said the decision to exit the LSE's junior market had been a unanimous one as she voiced frustration over the company's current valuation - echoing sentiment across the sector. "Despite completing some of the largest AIM capital raises for biotech companies in recent years, Redx is still liquidity-constrained on AIM," Griffiths said. "As a result, we believe our current market valuation is not reflective of our track record or future potential and is not conducive to raising the level of capital required for our growing clinical portfolio. More at #Proactive #ProactiveInvestors #biotechnology #RedXpharma http://ow.ly/HHlP105oaGB

There's been some really exciting news for Nimbus Therapeutics today as they closed a $210 million private investment round, led by GV (Google Ventures), SR One Capital Management and Atlas Venture. This investment round, while already being one of the biggest of 2023, follow up on a sale of Nimbus' experimental autoimmune medicine to Takeda for a massive $6 billion earlier this year and a previous investment round of $125m last September. To date, Nimbus have raised a huge $427m. Nimbus focuses on developing novel therapies for treatment of cancer, inflammatory and autoimmune conditions and metabolic diseases using small molecule. They utilise some unique technologies to develop these therapies, including machine learning-based predictive modeling approaches. Follow Warman O'Brien for all the latest news in the Life Sciences industry! #clinicalresearch #pharmaceutical #biotechnology #goodnews

#fundingalert 💼Company: Attovia Therapeutics 💰Funding: $105Million ⚡Round: Series B 👥Investors: Goldman Sachs Alternatives, Cormorant Asset Management, LP, Nextech Ventures, Redmile Group, EcoR1 Capital, LLC, Marshall Wace, and Logos Capital. Attovia is creating a pipeline of biotherapeutics with an initial focus on immune-mediated diseases. The company leverages ATTOBODY™, a biparatopic biologics platform, to generate binders that offer stronger efficacy and a broader universe of druggable epitopes compared to traditional approaches. The financing will be used to advance the Company’s lead programs ATTO-1310 and ATTO-002 through initial clinical data readouts, expand the Company’s immunology and inflammation pipeline, and to further develop the ATTOBODY™ platform. Tao Fu, Colin Walsh, PhD, Hubert Chen, Zaneta Odrowaz, Petter Veiby , Hangjun Zhan Read more - https://lnkd.in/gyK-kDfU To share your startup story write us on - contact@startuprise.io #AttoviaTherapeutics #inflammation #biparatopic #immunology #funding #fundingnews #news #startup #startupnews

Alumis, an 𝐢𝐦𝐦𝐮𝐧𝐨𝐥𝐨𝐠𝐲 𝐛𝐢𝐨𝐭𝐞𝐜𝐡 on the cusp of 𝐏𝐡𝐚𝐬𝐞 𝟑, has secured $𝟐𝟓𝟎𝐌 𝐢𝐧 𝐚 𝐬𝐡𝐫𝐮𝐧𝐤𝐞𝐧 𝐈𝐏𝐎. The Bay Area startup sold 𝟏𝟑.𝟏𝟐 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐬𝐡𝐚𝐫𝐞𝐬 𝐚𝐭 $𝟏𝟔 𝐞𝐚𝐜𝐡 to fund the late-stage testing of its lead 𝐓𝐘𝐊𝟐 𝐝𝐫𝐮𝐠, studies of a second asset in neuroinflammatory conditions, and preclinical projects. While the IPO was smaller than initially projected, an additional 𝟐.𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐬𝐡𝐚𝐫𝐞𝐬 were sold in a concurrent private placement. With $𝟑𝟒𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐞𝐝 toward clinical development, Alumis aims to create a next-gen immunology treatment, facing competition from Bristol Myers Squibb’s Sotyktu and Takeda’s TAK-279. Alumis has spent heavily on R&D, with $𝟏𝟑𝟕 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫 𝐚𝐧𝐝 $𝟏𝟎𝟏 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟐. The company, led by Martin Babler, hopes to buck the trend of biotechs trading below their IPO price. https://lnkd.in/eK_H6kda #Biotech #Immunology #IPO #Pharma #HealthcareInnovation

10 Noteworthy Global Biotech Companies that Got Funded in the first Quarter of 2024 According to data sourced from Crunchbase, the funding for Biotech companies represents a 161 percent upsurge compared to the USD 1.1 billion raised by the largest funding rounds which involved healthcare-focused biotech companies in the first quarter of 2023. Read the full article: https://goo.su/HCqWR By Samrat Pradhan, Managing Editor, #FinanceOutlookIndia Zephyr AI Yiyuan Yin FogPharma Mike Nolan Andrew Chi Baiteng Zhao Tubulis GmbH Laura Shawver Rakuten Medical Clasp Therapeutics Greg Chow, Freenome Diagonal Therapeutics Jixing Pharmaceuticals Obsidian Therapeutics Alamar Biosciences, Inc. ARS Pharmaceuticals, Inc. Nadia Agopyan, Ph.D., RAC Mark M, Sionna Therapeutics BlossomHill Therapeutics, Inc. BJ Sullivan, PhD, BioAge Labs Catherine Priest, Neurona Therapeutics #GlobalBiotech #FirstQuarter2024 #Biotechnologyindustry #FundingRounds #EmergingBiotechFirms #VentureCapital #TechnologicalAdvances #InnovationSpotlight

🌟 Big News in Biopharma! Arrivo BioVentures, a North Carolina-based innovator has raised a massive $45M in Series B funding, boosting their total to $100M. This funding round, led by Orlando Health Ventures, includes Solas BioVentures and others. 🔬 Led by CEO Steve Butts, Arrivo is revolutionizing patient care with new biologics and small molecules. They're currently focusing on SP-624 for major depressive disorder and RABI-767 for severe acute pancreatitis prevention. 🧬 SP-624, a SIRT6 enzyme activator, offers a new approach to gene expression and DNA repair. RABI-767 targets pancreatic lipase for pancreatitis treatment. 🤔 This funding marks a potential leap in medical science, with Arrivo at the forefront of biopharmaceutical innovation. What impact do you think this will have on healthcare? 📣 Share your views and keep an eye out for more breakthroughs! Read more: https://bit.ly/3Tef0MZ #Biopharma #Innovation #Healthcare #ArrivoBioVentures #MedicalScience