GSK sees LifeMine as a fungi to be around
LifeMine Therapeutics, a US start-up searching the fungal biosphere for genetically-encoded small molecules (GEMs), has announced the completion of a $175 million Series C financing.
The round was led by new investor Fidelity Management & Research Company, with participation by additional newcomers Invus and 3W Partners Capital, while UK pharma major GlaxoSmithKline (LSE: GSK) also joined the financing as a strategic partner.
"Together we can identify what nature might have already created"Existing investors, including GV, Arch Venture Partners, Blue Pool Capital and MRL Ventures Fund, also participated in the round, which takes LifeMine’s fundraising in total beyond $295 million.
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