Finance Watch: Morningside Launches Adiso With More Than $60m In Early Funding

Start-Up Has Two Clinical-Stage Product Candidates

 
• By Mandy Jackson
  
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Private Company Edition: In addition to Adiso, Creyon recently launched with $40m and TRexBio extended its series A by $26m to $85m total. Also, Kurma Partners raised the first €160m of a planned €250m fund to back companies transitioning from R&D to commercial operations. 

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Morningside Ventures launched Adiso Therapeutics on 10 March with more than $60m invested to date in the Concord, MA-based start-up focusing on the underlying biology of inflammatory diseases without causing systemic immunosuppression. Adiso has two assets in clinical development for the prevention of C. difficile infection recurrence and treatment of ulcerative colitis as well as a discovery-stage effort in respiratory inflammation under way.

The company’s efforts have been funded entirely by Morningside to date and the investment firm intends to support Adiso’s growth...

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