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Arrakis Pivots From Platform To Pipeline With $75m For RNA-Targeting Small Molecules

 
• By Mandy Jackson

CEO Michael Gilman, who now helms the company full time, said Arrakis will use its Series B venture capital funding to build a pipeline of drug candidates, primarily in cancer, with the goal of taking its first medicines into the clinic in the next two to three years.

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Arrakis Therapeutics Inc. is in the middle of a big pivot from building its platform for the discovery of small molecules that target RNA to generating a pipeline of drug candidates – and now it has $75m in Series B venture capital funding to expand its compound library and advance its first programs into the clinic.

The Waltham, Mass.-based company also now has a permanent CEO since Michael Gilman, who has been splitting his time between Arrakis and Obsidian Therapeutics Inc. for the past few...

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