March has been a big month for venture capital mega-rounds of $100m or more and Flare Therapeutics Inc. continued the trend, announcing 22 March that it completed a $123m series B round to fund discovery and development of precision medicines that target transcription factors. Flare, which had big pharma backing for its mega-round, will take its first drug candidate into the clinic this year.
Finance Watch: Another VC Mega-Round As Flare Raises $123m Series B
Lead Program Moves Into Clinic Two Years After Series A
Private Company Edition: Flare Therapeutics, targeting transcription factors to discover precision medicines, had big pharma backing for its second venture capital financing. Also, Mediar closed a $10m series A round, Switch launched with $52m and EpiBiologics raised a $50m series A round.
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