Abcuro closes $66 million Series D financing for IBM therapy

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โดย Business Wire·US·Read original
Summary · why it matters

Abcuro announced the closing of a $66 million Series D financing to advance ulviprubart, its first-in-class medicine for inclusion body myositis. The round was led by New Leaf Venture Partners with participation from existing investors including funds managed by abrdn Inc., Bain Capital Life Sciences, Samsara BioCapital, Redmile Group, Mass General Brigham Ventures, RA Capital Management, Pontifax, Sanofi Ventures, Foresite Capital, NEA, Eurofarma Ventures, Kaitai Capital, Soleus Capital, Nancy Chang, and Shang Bay, plus new investor Rock Springs Capital. Proceeds will support a new potentially registrational clinical study in less severe IBM patients expected to begin in the fourth quarter of 2026, with top line results anticipated in the second half of 2028. The company has been in discussions with the U.S. Food and Drug Administration and plans to file a biologics license application if results are positive. In the prior Phase 2/3 MUSCLE study, ulviprubart showed a trend toward clinically meaningful slowing of disease progression in less severe IBM patients, including a 50% slowing in a pre-defined analysis of patients with IBMFRS greater than 29.

Impact on stocks 2

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Off-coverage companies 15

Abcuro, Inc.Private± Mixed
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Eurofarma VenturesPrivate± Mixed
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Foresite CapitalPrivate± Mixed
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Kaitai CapitalPrivate± Mixed
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Mass General Brigham VenturesPrivate± Mixed
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New Enterprise Associates, Inc.Private± Mixed
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New Leaf Venture PartnersPrivate± Mixed
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PontifaxPrivate± Mixed
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RA Capital ManagementPrivate± Mixed
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Redmile GroupPrivate± Mixed
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Rock Springs CapitalPrivate± Mixed
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Samsara BioCapitalPrivate± Mixed
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Sanofi VenturesPrivate± Mixed
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ShangBay CapitalPrivate± Mixed
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Soleus CapitalPrivate± Mixed
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