May 27, 2020

Kymera – $102 Million

Kymera Therapeutics

Cambridge, MA ; 03/13/2020

Amount Funded: $102 Million

Type: Series C

Lead Investor: Biotechnology Value Fund, Redmile Group

Participating Investor(s):  Wellington Management Company, Bain Capital Life Sciences, Janus Henderson Investors, BlackRock, Springs Capital, others

Company Description: Kymera Therapeutics is a biotechnology company pioneering a transformative new approach to treating previously untreatable diseases. The company is advancing the field of targeted protein degradation, accessing the body’s innate protein recycling machinery to degrade dysregulated, disease-causing proteins. Powered by Pegasus™, a game-changing integrated degradation platform, Kymera is accelerating drug discovery with an unmatched ability to target and degrade the most intractable of proteins, and advance new treatment options for patients.

What funding will be used for:  Advancing its Protein Degrader pipeline and platform

Quotes:

“We are very excited to be joined by a top-tier group of investors as we continue on our path to become a fully integrated biotech company,. We are well capitalized to advance up to three programs to the clinic by next year, while we continue to enhance our best-in-class platform to unlock new biology and invent new medicines.”

-Nello Mainolfi, PhD, co-founder/President/CEO, Kymera Therapeutics

Notes:

Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.

 

StartupsOne

StartupsOne features relevant, focused news on venture capital funding of technology oriented startup businesses based in North America.

View all posts by StartupsOne →