Pulmocide bags $52 million to fund opelconazole development
UK-based respiratory disease specialist Pulmocide today announced it has raised $52 million in a Series C extension round led by new investors Pictet Alternative Advisors and Vivo Capital.
Existing investors, SV Health Investors, Jeito Capital, SR One, IP Group, F-Prime Capital, Johnson & Johnson Innovation – JJDC, Adjuvant Capital, Asahi Kasei Pharma, Longwood Fund, and the Cystic Fibrosis Foundation, also participated. This brings the total raise for Series C to $147.5 million.
Pulmocide says it plans to use the proceeds from the financing to further fund clinical development, manufacturing scale-up, and preparation for potential commercialization of opelconazole.
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