Bicycle Therapeutics Ltd. raised a $52m Series B venture capital round to take the first drug candidates from its bicyclic peptide platform into the clinic, starting later this year.
Finance Watch: Bicycle Spins Toward Clinic With $52m Round; Stock Spikes Spur Offerings
Bicycle closes a $52m Series B to test its bicyclic peptides in humans, while Decipera, Harpoon and TP Therapeutics also top a $263m list of recent venture capital deals. In public company financings, Alnylam, Aerie and others price offerings to raise cash while their stocks are on the rise.
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