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Harpoon Therapeutics closes $70mm Series C

Executive Summary

Immunotherapy firm Harpoon Therapeutics Inc. raised $70mm through its Series C round. Lead investor OrbiMed was joined by other new investors Cormorant, Ridgeback Capital, Lilly Asia Investments, and NS Investment, along with returning backers MPM Capital, Oncology Impact Fund (under MPM), Arix Bioscience (invested $8mm and retains its 11.3% stake), New Leaf Venture Partners, and Taiho Ventures. Proceeds will support advancement of candidates discovered with the company's TriTAC (Tri-specific T cell Activating Construct) and ProTriTAC (Protease-activated Tri-specific T Cell Activating Construct) platforms, including HPN424 (Phase I for prostate cancer) and preclinical projects HPN536 (mesothelin-expressing tumors) and HPN217 (multiple myeloma).
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
    • Vaccines
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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