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Series B results in $35mm for Alnara

Executive Summary

Alnara Pharmaceuticals (developing oral protein therapeutics for metabolic disorders) raised $35mm in its Series B financing led by first-time backer MPM Capital, which was joined by returning shareholders Third Rock Ventures, Frazier Healthcare, and Bessemer Venture Partners. The company will use some of the funds to help gain approval for and launch its liprotamase to treat exocrine pancreatic insufficiency, and for ongoing development of a liprotamase formulation aimed at cystic fibrosis in pediatric patients. A member of MPM will take a seat on Alnara's board.
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement

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