Jade Biosciences raises $80 million for autoimmune work

5 August 2024

Jade Biosciences (Nasdaq: JAD), a biotechnology company specializing in the development of therapies for autoimmune diseases, has announced the successful closing of an $80 million financing round.

The round was led by Fairmount and Venrock Healthcare Capital Partners, with participation from Deep Track Capital, and others.

Jade, based in Waltham, Massachusetts, plans to use the funds to advance its pipeline of targeted therapies for inflammatory and immunological conditions with significant unmet needs.

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