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Biotech Company

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biotech2 years ago•0 min saved

Nimbus Therapeutics Secures $210M in Funding for Tech-Enabled Medicines

Biotech company Nimbus Therapeutics has raised $210 million in private financing, including investments from GV (formerly Google Ventures) and returning investors such as SR One, Atlas Venture, and Gates Frontier. This comes after the company sold an experimental pill to Takeda Pharmaceutical earlier this year in a deal that could be worth up to $6 billion. Nimbus has not yet opened a lab, commercialized a drug, or gone public with an IPO.

via Endpoints News|

#biotech #biotech-company #fundraising

finance2 years ago•4 min saved

Enzolytics, Inc. Updates Non-Binding Term Sheet with Sagaliam Acquisition Corp.

Enzolytics, Inc. and Sagaliam Acquisition Corp. have amended their non-binding term sheet for the sale of Enzolytics' subsidiaries, Biogenysis, Inc. and Virogentics Inc., increasing the combined purchase price to $450 million. The transaction, once completed, will provide additional capital for the subsidiaries to continue developing their technology platforms. Sagaliam plans to raise additional capital through a private investment in public equities (PIPE), which will be used to fund clinical trials and transaction-related expenses. Enzolytics aims to enhance its drug discovery capabilities and expand its artificial intelligence (AI) platform.

via Yahoo Finance|

#biotech-company #business-combination-agreement #drug-development