Abcuro Announces $155 Million Oversubscribed Series B Financing to Further Advance Autoimmune Pipeline
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Thursday, August 17, 2023
Abcuro, Inc. , a clinical-stage biotechnology company developing therapies for the treatment of autoimmune diseases and cancer through precise modulation of cytotoxic T and NK cells, today announced the successful close of an oversubscribed $155 million Series B financing co-led by Redmile Group and Bain Capital Life Sciences.
Key Points:
- Abcuro, Inc. , a clinical-stage biotechnology company developing therapies for the treatment of autoimmune diseases and cancer through precise modulation of cytotoxic T and NK cells, today announced the successful close of an oversubscribed $155 million Series B financing co-led by Redmile Group and Bain Capital Life Sciences.
- “Support from such a strong group of investors will allow us to complete our development programs in diseases where there are few to no treatment options available,” said Alex Martin, Chief Executive Officer of Abcuro.
- “We are very motivated by the patients we serve and are excited by the clinical data we’ve seen to date.
- “IBM, like other autoimmune diseases, is progressive and devastating for patients.