Zenas BioPharma closes upsized $200 million Series C financing
American inflammation and immunology (I&I) specialist Zenas BioPharma today announced the closing of an upsized $200 million Series C preferred stock financing to support ongoing mid-to-late-stage clinical development programs for the company’s lead product candidate, obexelimab.
The financing was led by SR One, NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences, Longitude Capital, and other new and existing investors.
Zenas says that the proceeds will support ongoing mid- to late-stage clinical development programs for the company’s lead product candidate, obexelimab, a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb to inhibit the activity of B cells, plasmablasts, and CD19-expressing plasma cells.
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