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Finance Watch: Frontier Raises $80m For Differentiated KRAS G12C Program

Phase I/II Trial Of FMC-376 Enrolled First Patient

 
• By Mandy Jackson

Private Company Edition: With its lead program in the clinic, Frontier’s $80m series C round will fund trials for additional programs. Also, ORI raises $260m for second fund, Earlybird closed a €173m ($187.1m) fund, Areteia’s series A grew to $425m and Sudo’s series B increased to $147m.

Finance Watch Private Company
• Source: Shutterstock

Frontier Medicines Corp. has raised $235.5m in venture capital to date, including an $80m series C round unveiled on 22 February, although this latest financing is slightly smaller than its $88.5m series B round announced in July 2021. The company has progressed its pipeline since then – taking lead drug candidate FMC-376 into the clinic – and plans to accomplish a lot with its new funding, advancing multiple programs into clinical trials.

Boston- and South San Francisco-based Frontier raised $67m in series A funding in 2019 and its series B round two years later, saying in 2021 that it would further develop...

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