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With Serial Entrepreneur At Its Helm, Arrakis Raises $38m To Target RNA With Small Molecules

 
• By Mandy Jackson

Serial entrepreneur Michael Gilman has taken the helm of another start-up; after selling Padlock to Bristol-Myers and Stromedix to Biogen, his new company Arrakis has raised a $38m Series A round with big biopharma backing.

DNA

Michael Gilman didn't have much time to enjoy "retirement" after Bristol-Myers Squibb Co. acquired his last company Padlock Therapeutics Inc. for up to $600m. Within months he was immersed in multiple new opportunities, the first of which, Arrakis Therapeutics, has closed a $38m Series A venture capital round.

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