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Finance Watch: NDA-Ready Impact Gets Commitment For Another $90m

 
• By Mandy Jackson

Start-up Impact's new structured financing – its second fundraising event this month – will pay out in increments as fedratinib nears the market. Also, Ablynx closed its $200m US IPO; Chi-Med follow-on brings in $262m; and VCs gives Cydan $34m to launch new companies.

Finance Watch

Impact Biomedicines has closed a structured financing for up to $90m – just two weeks after launching with $22.5m in venture capital – that will support commercialization of its JAK2 inhibitor fedratinib, a drug the company's executives reacquired from Sanofi.

Medicxi Ventures provided San Diego-based Impact's initial funding, which will be used to seek approval and prepare for commercial manufacturing...

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