Mediar Therapeutics, a Cambridge, MA-based biotechnology firm, raised $105M in funding.
The spherical was led by Novartis Enterprise Fund and Sofinnova Companions with participation from Pfizer Ventures, Mission BioCapital, Gimv, Pureos, Bristol Myers Squibb, Eli Lilly & Firm, Ono Enterprise Funding and Mass Common Brigham Ventures.
The corporate intends to make use of the funds to advance packages into medical research in 2024 with lead asset on-track to candidate nomination in Q2 2023.
Mediar Therapeutics is a biotechnology firm pioneering a brand new method to fibrosis remedy that halts the illness at a special supply – the fibrotic mediators that drive illness development. By combining novel targets with detectable blood biomarkers and acquainted modalities, the corporate desires to derisk the trail ahead for fibrosis therapies in medical improvement.
Mediar is led by Chief Govt Officer Rahul Ballal, Ph.D. and Chief Scientific Officer Paul Yaworsky, Ph.D. Becoming a member of the Mediar board was Nandita Shangari, Ph.D., from Novartis Enterprise Fund, Maina Bhaman, MBA, from Sofinnova Companions, and Andreas Jurgeit, Ph.D., from Gimv.
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