Entact Bio debuts with $81 million financing, with new approach to proteins
Massachusetts, USA-based Entact Bio, co-founded in 2019 by an international group of researchers to develop precision medicines that enhance the function of key proteins, announced it has raised $81 million in Series A financing to advance its proprietary Encompass platform for developing enhancement-targeting chimeric (ENTAC) molecules. The new company is headed by former Sanofi and Ribon Therapeutics executive Victoria Richon.
The round was co-led by Qiming Venture Partners USA and venBio Partners, with participation by new investors Abingworth, Brandon Capital, Janus Henderson Investors, Logos Capital, Surveyor Capital (a Citadel company), and WEHI (Walter and Eliza Hall Institute of Medical Research), and founding investors 4BIO Capital and Arkin Bio Ventures.
ENTAC medicines will make an important difference for patients
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