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New Deal


Announced

Completed

Dementia Discovery Fund and MRL Ventures Fund led a $36m Series A in Therini Bio.

Financials

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Transaction Value£28m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Privatisation

Friendly

United States

biotechnology company

Biotechnology

Domestic

Minority

Venture Capital

Completed

Single Bidder

Synopsis

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Dementia Discovery Fund and MRL Ventures Fund led a $36m Series A in Therini Bio, a biotech company, with participation from Merck & Co, Sanofi Ventures, SV Health Investors, Eli Lilly, Alzheimer’s Drug Discovery Foundation and Dolby Family Ventures. "We are thrilled to announce a top-tier investor syndicate, which will allow us to advance our groundbreaking work in developing fibrin-targeted therapies for diseases driven by chronic inflammation. This funding will enable us to accelerate the development of our lead antibody program targeting inflammatory fibrin in neurodegenerative and retinal diseases. We look forward to advancing our first candidate, THN391, into clinical trials, and expect to announce key safety and proof of mechanism clinical data by the end of 2024," Michael Quigley, Therini Bio President and CEO.

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