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7 July, 2020

Ally Bridge Portfolio News – Unum Therapeutics Inc. Announces Acquisition of Kiq LLC

CAMBRIDGE, Mass. and PHILADELPHIA, July 6, 2020 /PRNewswire/ — Unum Therapeutics Inc. (“Unum”) (NASDAQ: UMRX), a biopharmaceutical company focused on developing therapies for solid tumors, today announced it has completed the acquisition of Kiq LLC (“Kiq”), a privately held, biotechnology company focused on the discovery and development of precision kinase inhibitors. Concurrent with the acquisition of Kiq, Unum entered into a […]

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2 July, 2020

Ally Bridge Portfolio News – Goldfinch Bio Secures $100 Million in Series B Financing

Proceeds Support Advancement of Lead Product Candidates GFB-887 and GFB-024 Through Three Clinical Proof-of-Concept Readouts Oversubscribed Round Includes Public Healthcare Funds June 30, 2020 08:00 AM Eastern Daylight Time CAMBRIDGE, Mass.–(BUSINESS WIRE)–Goldfinch Bio, a clinical stage biotechnology company focused on discovering and developing precision medicines for the treatment of kidney diseases, today announced the closing […]

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20 June, 2020

Ally Bridge Portfolio News – Hua Medicine Successfully Completes SEED (HMM0301), Dorzagliatin’s Phase III Monotherapy Trial

June 18, 2020, Shanghai, China Hua Medicine (the “Company”, Stock Code: 2552.HK), a leading innovative drug development company focused on developing novel therapies for the treatment of diabetes, today announced topline results from SEED (also known as HMM0301), the first Phase III trial with dorzagliatin. Dorzagliatin is a first-in-class glucokinase activator administered orally, twice daily. […]

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9 June, 2020

Ally Bridge Portfolio News – World Premiere for Quantum Surgical’s Medical Robot at Montpellier University Hospital

Montpellier, France, June 8, 2020 – On June 4, 2020, Professor Boris GUIU and his team at Montpellier University Hospital (France) successfully treated a 56-year-old patient with liver tumor using Quantum Surgical’s medical robot. Quantum Surgical, an innovative surgical robotic company founded in 2017, developed its robot in record time thanks to a highly talented […]

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21 May, 2020

Ally Bridge Group Leads US$150 million Financing for Three U.S. Companies Amidst the COVID-19 Pandemic, Bringing Total Ally Bridge-led Private Life Science and Healthcare Investments to US$650 million over the Last 24 Months

NEW YORK and HONG KONG, May 21, 2020 /PRNewswire/ — Ally Bridge Group (“ABG”), a leading global life science investment group, has announced that it led three investments in the U.S. — two medtech and one telehealth — in April, 2020 amidst the COVID-19 pandemic. Each of the three companies is a commercial-stage leading innovator re-setting the standard of care […]

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21 May, 2020

Ally Bridge Portfolio News – Rapid Micro Biosystems Raises $120 Million to Accelerate Global Expansion of Contaminant Testing Platform for Pharmaceutical and Vaccine Manufacturing

Proceeds will enable the company to meet growing demand for its automated microbial detection platform, currently used by a majority of the top 20 global biopharmaceutical companies, and support new product development for pandemic response. Global investor syndicate is led by Ally Bridge Group, joined by Endeavour Vision, and existing investors including Bain Capital Life […]

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21 May, 2020

Ally Bridge Portfolio News – Atea Pharmaceuticals Announces IND Clearance of AT-527 for COVID-19 and $215 Million Financing

May 20, 2020 06:00 ET | Source: Atea Pharmaceuticals, Inc. Proceeds to support the clinical development of Atea’s oral, direct acting antiviral medicine for COVID-19, in addition to advancing its diverse pipeline of treatments for viral diseases Investigational new drug application cleared by U.S. Food and Drug Administration to start Phase 2 study of AT-527, Atea’s oral purine […]

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9 May, 2020

Ally Bridge Portfolio News – GRAIL Announces $390 Million Series D Financing

MENLO PARK, Calif. — (BUSINESS WIRE) — GRAIL, Inc., a healthcare company whose mission is to detect cancer early, when it can be cured, today announced a $390 million Series D financing round. New investors including Public Sector Pension Investment Board (PSP Investments) and Canada Pension Plan Investment Board (CPP Investments), as well as two […]

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6 May, 2020

Ally Bridge Group Leads Pulmonx’s $66mn Financing to Support Commercial Acceleration of the Zephyr Valve System

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Pulmonx Corporation, a commercial-stage medical technology company that provides a minimally-invasive treatment for patients with severe emphysema, announces a $66 million financing led by Ally Bridge Group, a leading global life science investor. The financing also attracted new investors Adage Capital Management, HealthQuest Capital, Partner Fund Management, and Rock Springs Capital, as […]

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1 May, 2020

Ally Bridge Group Leads Vida Health’s $25mn Financing to Scale Network and Meet Increased Demand for Virtual Care

San Francisco, April 30, 2020 — Virtual healthcare platform, Vida Health, announced today that it raised $25 million in new funding to meet the increased demand for mental and physical virtual care. The funding was led by Ally Bridge Group (ABG), a leading global life science investment firm. Returning investors include Yahoo! founder Jerry Yang’s […]

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