Orbis Medicines’ Series A to fund pioneering oral macrocycle drugs
Denmark-based macrocycle-drug developer Orbis Medicines today announces the close of a 90 million euros ($94 million) Series A funding round, bringing the total amount raised by the company to 116 million euros.
Oribis, which launched in February this year, says that the funds will support the development of its pipeline of next-generation oral macrocycle drugs, called ‘Cycles.’
This financing was led by NEA (New Enterprise Associates) with participation from new investors including Eli Lilly (NYSE: LLY), Cormorant, the Export and Investment Fund of Denmark and founding investors Novo Holdings and Forbion.
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