Finance Watch: Mysterious Gossamer Raises $100m As VC Deals Surge Ahead of J.P. Morgan

Jan 06 2018

• By Mandy Jackson

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Gossamer Bio, led by former Receptos CEO Faheem Hasnain and CMO Sheila Gujrathi, revealed $100m in seed and Series A funding during a week in which 17 companies revealed VC rounds totaling $891.2m, giving them good news to discuss during the J.P. Morgan Healthcare conference.

Finance Watch

The annual J.P. Morgan Healthcare Conference seemed to be all anyone in the biopharmaceutical industry could talk about in the week preceding the meeting, being held Jan. 8 to 11 in San Francisco, and certainly was top of mind for companies announcing new venture capital financings, such as the mysterious Gossamer Bio Inc., which disclosed $100m in seed and Series A funding on Jan. 4.

Gossamer is keeping details about its pipeline close to the vest. However, Otello Stampacchia – managing director of the company's...

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