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Announced

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RA Capital Management led a $60m Series A round in Lusaris Therapeutics.

Financials

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Transaction Value£52m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Private Equity

Domestic

Acquisition

Biotechnology

United States

Private

Completed

biotechnology

therapeutics

Venture Capital

Minority

Synopsis

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RA Capital Management, an investment company, led a $60m Series A round in Lusaris Therapeutics, a biotechnology company, with participation from Venrock Healthcare Capital Partners, Deep Track Capital, Boxer Capital. “We aim to develop best-in-class neurotherapeutics that have the potential to reach more patients in need by decreasing the treatment burden on both patients and physicians. With encouraging preclinical data, a proven delivery technology, and an expected rapid and short psychotropic experience, LSR-1019 has the potential to be a transformative treatment for patients suffering from TRD and other serious mood disorders,” Neil Buckley, Lusaris Chief Operating Officer.

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