Korro’s $116m Series B Round Will Advance Pipeline Beyond AATP

05 Jan 2022

Hoping to bring a candidate for the alpha-1 disorder into the clinic in 2023, Korro’s latest funding is meant to enable development of a rare CNS disorder drug and a third drug for a more prevalent indication.

Macro photo of tooth wheel mechanism with FUNDING concept words — RNA-editing focused Korro adds $116m to its prior $90m raise

Korro Bio, Inc. is adding $116m in series B funding to enable the expansion of its pipeline of RNA-editing therapies beyond its lead preclinical program in alpha-1 antitrypsin deficiency (AATP). After announcing the investment led by Eventide Asset Management on 5 January, Korro’s CEO Ram Aiyar told Scrip that he believes RNA editing offers potential in a wide range of therapeutic spaces and that he wants to de-risk the biotech’s R&D prospects with multiple programs.

“I'm an engineer by training; I hate risk,” he said. “The best thing I know to do is to mitigate risk by taking multiple shots on goal

Hengrui Set For Biggest Biopharma IPO So Far This Year

15 May 2025

• By Dexter Jie Yan

Jiangsu Hengrui Pharmaceuticals is gearing up for what will be 2025's biggest biopharma IPO so far, hoping to raise up to $1.27bn on the Hong Kong Stock Exchange. China's top drug maker by pipeline size plans to use part of the proceeds to reboot its overseas clinical trials ambitions.

Finance Watch: Funding Alternatives Become The Norm In Tough Public Markets

13 May 2025

• By Mandy Jackson

Public Company Edition: With fewer follow-on offerings, drug developers are pursuing other options. Axsome accessed up to $570m in debt, Evolus obtained $250m in a new credit facility and Abeona raised $155m from a PRV sale, but Apimeds was able to execute a small $13.5m IPO.

‘Market Developments’ Persuade Galapagos To Rethink Spin-Off

13 May 2025

• By Andrew McConaghie

CEO Paul Stoffels exits early to be succeeded by Henry Gosebruch, who will now consider ‘all options’ for the Belgian firm as it tries to claw back investor confidence.

Azafaros Banks Over €130m To Advance Nizubaglustat Into Phase III

13 May 2025

• By Kevin Grogan

The therapy has been developed for GM1 and GM2 gangliosidoses and Niemann-Pick disease type C.

Most Favored Nation Policy ‘Lazy, Misguided,’ But US Price Reforms Politically ‘Inevitable’

15 May 2025

• By Cathy Kelly

Policy experts and pharma executives react to President Trump’s executive order on “equalizing” drug prices between the US and comparable nations at the ISPOR 2025 conference.