Good Therapeutics spinout Bonum banks $93 million in Series A

16 November 2022

Bonum Therapeutics, a biopharma using allosteric regulation to create conditionally active and less toxic medicines, has announced a $93 million Series A financing.

The Seattle, USA-based firm is a spinout of Good Therapeutics, which Swiss pharma giant Roche (ROG: SIX) acquired in August 2022 for $250 million upfront plus potential milestone payments.

Investors that financed Good Therapeutics, including Rivervest Venture Partners, Roche Venture Fund, Digitalis Ventures and others, made up the majority of those that participated in Bonum’s Series A financing, along with a new investor, Vivo Capital.

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