Exo Therapeutics, Inc. launched in December with $25m in series A venture capital and has advanced its ExoSight technology platform far enough since then to justify a $78m series B round that the company announced on 5 October. It plans to use the financing to advance initial drug candidates that target exosites – unique binding pockets that may be able to reprogram enzyme activity – towards the clinic. Exo will also continue to invest in the ExoSight platform.
Finance Watch: Exo Raises $78m To Advance Exosite-Targeting Small Molecules
Platform Designed For More Precisely Targeted Drugs
Also, Atlas Venture and Advent France Biotechnology raise new venture capital funds, Corium secures $235m in debt to commercialize ADHD drug and CBMG leads recent VC financings with $120m series A round.
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