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Fusion Pharmaceuticals brings in $105mm through Series B round

Executive Summary

Fusion Pharmaceuticals Inc. (radiopharmaceuticals for cancer) raised $105mm through an oversubscribed Series B round led by Varian and OrbiMed. Perceptive Advisors, Pivotal bioVenture Partners, and Rock Springs Capital were joined by returning backers HealthCap, Adams Street Partners, Johnson & Johnson Innovation – JJDC, Inc. (JJDC), TPG Biotech, Seroba Life Sciences, Genesys Capital, and FACIT. OrbiMed, Pivotal bioVenture, and Varian join the company's board. Fusion will use the proceeds to support continued development of its pipeline of alpha therapeutics designed with the company's Fast-Clear platform for linking molecules to medical isotopes.
Deal Industry
  • Pharmaceuticals
  • Pharmaceuticals
    • Radiopharmaceuticals, Contrast Agents
  • Biotechnology
    • Large Molecule
      • Antibodies
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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