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TP Therapeutics completes $80mm mezzanine round

Executive Summary

TP Therapeutics Inc. (precision oncology) raised $80mm from a mezzanine round co-led by venBio Partners and Foresite Capital. New investors HBM Healthcare Investments and Nextech Invest were joined by returning backers Cormorant Asset Management, Lilly Asia Ventures, Orbimed Advisors, and SR One. The company will use some of the funds to advance lead candidate repotrectinib (a ROS1/TRKs/ALK inhibitor) into a Phase II trial for ROS1-positive non-small cell lung cancer and NTRK-positive solid tumors.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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