Adimab LLC has brought in $100 million in a secondary offering of shares to Fidelity Investments and Mithril, the hedge fund co-founded by billionaire Peter Thiel, to allow existing venture backers and other owners to cash out some or all of their holdings in the company. Adimab co-founder and CEO Tillman Gerngross, PhD, says the deal valued the antibody discovery company at $1.1 billion.
Private Adimab Breaks $1 Billion Valuation, Offers VCs Liquidity Through $100 Million Secondary
A secondary offering by the privately held antibody discovery play has valued the company at more than a billion dollars and allowed its venture investors to cash in some or all of their positions. Meanwhile, Adimab continues to announce new partnerships including a monoclonal and bispecific antibody discovery pact with Sanofi.
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