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True North Therapeutics closes $45mm Series D

15:40 EDT 18 Oct 2016 | Elsevier Business Intelligence

True North Therapeutics Inc. (creating rare disease therapies that inhibit the complement pathway) raised $45mm in its oversubscribed Series D financing led by first-time backers HBM Partners and Redmile Group and returning shareholder Perceptive Advisors. Other existing investors and new buyer Franklin Templeton Investments also participated. The company will use the funds for ongoing development of its lead compound TNT009, which is in Phase Ia/IIfor cold agglutinin disease, warm autoimmune anemia, antibody-mediated rejection, and bullous pemphigoid.

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