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Finance Watch: Exo Raises $78m To Advance Exosite-Targeting Small Molecules

Platform Designed For More Precisely Targeted Drugs

 
• By Mandy Jackson

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.

Finance Watch Private Company

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.

“Exosites are found abundantly across the proteome, so part of the intent with this series B was to enable us to both expand our discovery efforts to purse novel exosite...

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