$80 million financing for DiCE Molecules
US biotech DiCE Molecules, which is leveraging its proprietary DNA-encoded library platform to discover and develop next-generation therapeutics in immunology, has announced the completion of an $80 million Series C financing.
Proceeds from the financing will support the progression of the company’s first-in-class, oral interleukin (IL)-17 antagonist into clinical trials, as well as enable the advancement and expansion of its pre-clinical portfolio of additional PPI antagonists. The IL-17 family of cytokines are strong inducers of inflammation and are implicated in a variety of autoimmune diseases including psoriasis, psoriatic arthritis and ankylosing spondylitis.
Existing collaborations
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