Oncobiologics raises $31m for biosimilars; RaNA, Ra, SutroVax add VC cash

Smart companies are raising money to advance drug development programs while investors are pouring cash into the biotechnology industry. The latest to raise private capital: Oncobiologics, Ra Pharmaceuticals, RaNA Therapeutics and SutroVax.

Smart companies are raising money to advance drug development programs while investors are pouring cash into the biotechnology industry. The latest to raise private capital: Oncobiologics, Ra Pharmaceuticals, RaNA Therapeutics and SutroVax.

Oncobiologics founder and CEO Pankaj Mohan told Scrip that the company raised $31m from institutional investors, including hedge funds and mutual funds, to ramp up production of its biosimilars and to increase its visibility among Wall Street-focused investors

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