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Venture Funding Deals: $65m For Iterum's Antibiotic; Genoa's IPF Drug Nets $62m

 
• By Deanna Kamienski, Beth Allan, and Maureen Riordan

Iterum Therapeutics and Genoa Pharmaceuticals topped the list of biopharmaceutical start-up firms closing new venture capital rounds in May with $65m and $62m, respectively, to advance drug candidates for bacterial infections and idiopathic pulmonary fibrosis.

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Derived from Strategic Transactions, Informa’s premium source for tracking life sciences deal activity, the Venture Funding Deals column provides a comprehensive monthly review of emerging biopharmaceutical companies that have received venture funding. This month’s column covers deals announced in May 2017.

Aadi Bioscience Inc. raised $23m in its Series A round led by Hermed Capital with participation from Celgene Corp., Vivo Capital, Decheng Capital, the Helsinn Investment Fund and Star Summit Ventures

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