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Finance Watch: VC Mega-Rounds Fund Wide Array, From Respiratory To Rare Diseases

Forbion Closed Its Fifth Fund, Bringing In €460m ($556.1m)

 
• By Mandy Jackson

Private Company Edition: China-focused Nuance Pharma led recent venture capital deals with a $181m series D round, RayzeBio closed a $105m series B and SciNeuro launched with $100m plus other notable rounds from Edgewise, Reneo, BioAge and others.

Finance Watch

The venture capital spending spree in 2020 has led to many notably large biopharmaceutical company funding rounds, making $100m-plus mega-rounds less surprising than they used to be. The latest entrants to the mega-round club include China-focused specialty drug developer Nuance Pharma and San Diego-based radiopharmaceutical specialist RayzeBio, Inc.

Cancer and immuno-oncology continue to generate a lot of investor interest, but recent mega-rounds have backed a diverse array of biopharma firms at varying stages of drug development. Nuance’s $181m series D round will fund the company’s ongoing research and development as well as business development in the areas of iron deficiency, pain management and respiratory diseases

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More from Financing

Finance Watch: Deerfield Closes $600m-Plus VC Fund; Gates Speeds Up Health Investments

 
• By Mandy Jackson

Private Company Edition: Deerfield’s third innovations fund will back therapeutics and other opportunities, the Gates Foundation – a sometimes funder of biotech firms – will spend $200bn over the next 20 years, and NewLimit raised a $130m series B round, among other financings.

HAYA Raises $65m To Take First Long Non-Coding RNA Program Into The Clinic

 
• By Mandy Jackson

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Sanofi R&D Head’s Words Of Wisdom For Biotechs

 
• By Kevin Grogan

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Switzerland Biopharma To Stay Strong Despite More Cash Going To US And China

 
• By Kevin Grogan

The sector is continuing to show resilience despite financial and market challenges.

More from Business

Finance Watch: Deerfield Closes $600m-Plus VC Fund; Gates Speeds Up Health Investments

 
• By Mandy Jackson

Private Company Edition: Deerfield’s third innovations fund will back therapeutics and other opportunities, the Gates Foundation – a sometimes funder of biotech firms – will spend $200bn over the next 20 years, and NewLimit raised a $130m series B round, among other financings.

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• By Kevin Grogan

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Viatris Will File ‘Fast-Acting’ Meloxicam For FDA Approval This Year

 
• By Joseph Haas

Seven years after acquiring it, Viatris will seek approval of a meloxicam formulation for acute pain backed by data from two Phase III studies in post-surgical pain settings.