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Finance Watch: Relay Raises $400m – And It's Only The Third-Largest Biopharma VC Round Of 2018

 
• By Mandy Jackson

The company isn't relaying any details about its drug targets, but will use the mega-round to take its first candidates into the clinic. Also, RiverVest raises a $184.4m VC fund, Annexon closes a $75m Series C, Takeda lists its stock in the US, and Aptorum goes public.

Finance Watch

Relay Therapeutics has raised $520m in venture capital since 2016, including a $400m Series C round announced on Dec. 20, without relaying a lot of information publicly about how it will translate its platform for interrogating proteins in motion into cancer drug candidates.

The Cambridge, Mass.-based company launched in Sept. 2016 with a $57m Series A round and plans to marry computational technology...

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