5AM Ventures leads $109 million bet on precision drug start-up
Another well-funded clinical-stage start-up has emerged in the thriving biotech hub around Boston, Massachusetts.
Nido Biosciences, which was founded through the 4:59 Initiative at life sciences investment group 5AM Ventures, will focus on developing precision medicines for debilitating neurological diseases.
The company has managed to raise $109 million in seed, series A and series B financings, with money coming also from Abingworth, Bessemer Venture Partners and Eli Lilly (NYSE: LLY).
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