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Venture Funding Deals: Korean D&D Raises $137.1m For Subsidiary Model

 
• By Deanna Kamienski, Beth Allan, and Maureen Riordan

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 July and August.

Venture Funding Reg column image

Alize Pharma III SAS raised €67m ($75m) in an oversubscribed Series A financing led by LSP, which was joined by other new backers Novo Ventures, Kurma Partners, Orbimed, Pontifax, Partners Innovation Fund, and Innobio 2 (managed by Bpifrance), and returning shareholders Sham Innovation Santé/Turenne Capital, Crédit Agricole Création, and TAB Consulting. The company will use the funds to move its two preclinical candidates into the clinic in 2020. AZP3601 is being developed for hypoparathyroidism, while AZP3404 is designed to treat syndromes of severe insulin resistance. Alize also plan to expand its team in France and open a subsidiary in Boston. 

Chinook Therapeutics Inc., working on precision medicines for kidney diseases, raised $65m through its Series A round. Founding investor...

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