With $145m in new capital, Apollo Therapeutics LLC is looking to move to the next level by taking its 15-plus preclinical programs sourced from three UK universities into clinical development. As Apollo – founded in 2015 as a joint venture of the three universities and AstraZeneca PLC, Johnson & Johnson and GlaxoSmithKline plc – takes this step forward, Patient Square Capital is leading the financing, taking board control and bringing its expertise in the hub-and-spoke business model to the enterprise.
Patient Square managing partner Jim Momtazee previously played a role in funding hub-and-spoke models like BridgeBio Pharma, Inc. and...