Deals, Financing

Series B financing for $90 million for Kymab

Posted on 06 May 2015

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Kymab has successfully raised an additional US$50 million to complete a US$90 million Series B financing.

The US$50 million is being invested by Woodford Patient Capital Trust and Malin Corporation.

This follows the first US$40 million Series B investment from the Wellcome Trust and the Bill & Melinda Gates Foundation.

The funds will enable Kymab to maximize the potential of its Kymouse platform and advance its proprietary pipeline of first-in-class therapeutic human monoclonal antibodies in areas of significant unmet medical need.

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