Finance Watch: A Plethora Of Big Rounds, Led By Gossamer's $230m Series B
Private Company Edition: Gossamer, Ascentage and Alector continued the trend of large venture capital rounds, recently raising $230m, $150m and $133m, respectively. Led by former Receptos executives, Gossamer has multiple clinical trials planned, but continues to keep details of its drug candidates under wraps.
One of the reasons that venture capital investment in biopharmaceutical companies is booming is because of mega-deals exceeding $100m in a single round – often at the Series A level – and the trend continues even in the lazy, hazy days of summer.
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