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Finance Watch: Former Alexion Execs Raise $37m To Launch Rare-Disease Focused RallyBio

 
• By Mandy Jackson and Ian Haydock

Private Company Edition: Martin Mackay and two other former Alexion executives co-founded the rare disease start-up in January with a $37m Series A to kick things off. Also, Innovent raises $150m in venture cash, Tmunity adds $35m and Third Rock launches Cedilla.

Finance Watch

Start-up RallyBio Inc., which launched on April 25 with $37m in Series A venture capital, is starting out with a dream team of executives with experience developing, launching and marketing therapies for rare diseases.

The Farmington, Conn.-based company was founded in January by three former Alexion Pharmaceuticals Inc. executives: Martin Mackay, Stephen Uden and Jeffrey Fryer. Mackay was an executive vice president and global head of R&D, Uden was senior vice president and head of research, and Fryer was vice president and chief tax officer

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