C4 Therapeutics Start-up Starts With Roche Tie-Up, $73m Series A
This article was originally published in Scrip
One of the decade's largest Series A financings for a biopharmaceutical start-up and a potentially lucrative collaboration with Roche mark the unveiling of C4 Therapeutics, which will work primarily with partners to develop what it calls Degronomids against targeted disease-causing proteins.
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While details are scant, the five-year collaboration will pair C4's targeted protein degradation approach with Calico's focus on diseases of aging. Privately held C4 otherwise is aiming to bring its first Degronomid candidate into the clinic in 2018.
Series A venture capital and seed funding rounds for biopharma firms in 2016 kept pace with the level of investment seen in 2015, excluding one major deal in 2015, laying the foundation for optimism regarding early-stage financings in 2017 for particularly innovative companies.