Chinook Will Soon Have $275m To Advance Kidney Disease Strategy

Company’s Reverse Merger, New Financing Will Fund Four Clinical Trials

Chinook launched less than two years ago to develop precision medicines for chronic kidney diseases and will have three drugs in the clinic in 2021, including a Phase III candidate for IgA nephropathy.

Image of human hands holding plant shaped like dollar
Chinook raised $65m last year but will have $275m later this year • Source: Shutterstock

Chinook Therapeutics, Inc. emerged a year ago with preclinical precision medicines for chronic kidney diseases and $65m in series A venture capital. Now, the company is about to close a merger with Aduro Biotech, Inc. and announced a $106m private placement financing, which will give Chinook at least $275m in total capital to advance its pipeline.

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