ProfoundBio, a clinical-stage biotech startup, has successfully raised $112 million in a Series B funding round to support its clinical-stage oncology pipeline. The company, led by veterans from Seagen, is focusing on developing novel antibody-drug conjugate therapeutics for cancer patients. ProfoundBio's lead treatment candidate targets ovarian and endometrial cancer and is currently in phase 2 clinical trials. The funding round saw participation from StepStone platform manager LYFECapital among others. The news was reported by @gwendolynawu.
The ADC frenzy helped newly emerged Firefly Bio build out a syndicate and attract investor Eli Lilly for a $94 million series A. https://t.co/jYGWOisseH
#ProfoundBio, a clinical-stage biotech startup, raised $112M in s Series B round with participation from StepStone platform manager #LYFECapital. Read here about how it's developing novel antibody-drug conjugate therapeutics for patients with cancer: https://t.co/HD6ZKGVAjX
Israeli company FreezeM, which specializes in breeding black silver flies, has completed a $14.2 million Series A funding round to accelerate the deployment of its flagship product. @MaayanJaffe | Read more: https://t.co/uw7aTfX7Za
Agri-focussed @AyekartFintech secures $6.5 million in equity #funding from Omnivore, others With this round, the total amount of equity money raised by Ayekart stands at around $8.7 million. https://t.co/IMvUZ6YCjQ
Versant-backed Firefly Bio wants to make the next generation of ADCs https://t.co/N2zW6QG4hQ by @gwendolynawu #biotech #startups
Exclusive: FreezeM—an Israeli startup seeking to disrupt the insect farming segment with a breeding-as-a-service model that decouples black soldier fly breeding from large-scale protein production—has raised a $14.2m series A round. https://t.co/TWlOCTZkLm
ProfoundBio's lead treatment candidate is aimed at ovarian and endometrial cancer and is in phase 2 clinical trials. https://t.co/5LPXGqpYAF
ProfoundBio raises $112M to support clinical-stage oncology pipeline https://t.co/rgODMPvLj8
ADC startup ProfoundBio, led by Seagen veterans, raises $112M https://t.co/FVUtzdqz1j by @gwendolynawu