Source: Pharmaceutical Technology
ADARx is focused on the development of next-generation RNA therapeutics. Credit: MattL_Images / Shutterstock.com. Source: Pharmaceutical Technology
Led jointly by TCGX and Bain Capital Life Sciences, the financing round witnessed participation from new investors such as Commodore Capital, Cormorant Asset Management, Invus, Marshall Wace, Redmile Group, HBM Healthcare Investments and Blackrock. Source: Pharmaceutical Technology
Source: Pharmaceutical Technology
View allCompanies IntelligenceHBM Healthcare Investments LtdLilly Asia venturesADARx Pharmaceuticals IncBain Capital Life SciencesMarshall Wace LLPView all
It also involved existing investors SR One Capital Management, OrbiMed, Lilly Asia Ventures and Ascenta Capital. It will also use the funding to support the development of a pipeline of mRNA silencing or editing candidates to treat several diseases.
“Moreover, the clinical data validate our proprietary targeted delivery PLR platform and our broad SPE technology. With this financing, we are well-positioned to achieve our clinical milestones for multiple clinical programmes and to build a leading company in RNA therapeutics.”
Bain Capital Life Sciences partner Dr Ricky Sun and TCGX managing partner Dr Chen Yu will become members of the ADARx board of directors. The company has a pipeline of RNA therapeutics to treat diseases across a range of therapeutic areas.
Cell & Gene Therapy coverage on Pharmaceutical Technology is supported by Cytiva.
Editorial content is independently produced and follows the highest standards of journalistic integrity. Topic sponsors are not involved in the creation of editorial content.
Free WhitepaperCell and gene therapies: Pipe dream to pipeline The cell and gene industry is gaining momentum, with a new wave of therapies promising to transform the way doctors treat, and even cure, disease. In this report, Cytiva and GlobalData have collaborated to explore the rise of the cell and gene therapy industries, the current state of the market, present and future opportunities for advancement, and the challenges that lie ahead.By Cytiva Thematic Source: Pharmaceutical Technology
By downloading this case study, you acknowledge that GlobalData may share your information with Cytiva Thematic and that your personal data will be used as described in their Privacy Policy