Enliven Therapeutics raises $165 million

24 February 2023

US precision oncology company Enliven Therapeutics (Nasdaq: ELVN) today announced that, concurrent with the completion of its previously announced merger with Imara, it has completed a $165 million private placement.

The placement was co-led by new investors Fairmount and Venrock Healthcare Capital Partners, with participation from additional new investors, including Fidelity Management & Research Company, RA Capital Management, Frazier Life Sciences and Commodore Capital, and support from Enliven’s existing institutional investors.

The company, whose newly-listed shares began trading today, is expected to have a cash runway through multiple clinical milestones and into early 2026. Its share gained 2.6% to $4.00 in pre-market activity.

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