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Q32 Bio Inc. Secures $

Recently funded · $55.0M UnknownHospitals and Health CareUSView source

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With approximately 700,000 people in the United States living with the life-altering impact of alopecia areata and limited treatment options, the need for innovative therapies is clear. Clinical stage biotechnology company Q32 Bio Inc., which is developing such treatments, has now raised $55.0M.

The capital will advance its work on bempikibart (ADX-914), a fully human anti-IL-7Rα antibody in a Phase 2 program. Q32 Bio's science targets potent regulators of the adaptive immune system to re-balance immunity, aiming to address this significant unmet medical need in alopecia areata and other autoimmune and inflammatory diseases.

Last week was all about scale...🧬 Here's a quick run-through of the biggest funding announcements: ➡️ Apogee Therapeutics secured a 𝗺𝗮𝘀𝘀𝗶𝘃𝗲 $𝟭.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 strategic financing package, making it one of the largest biotech funding announcements of the year so far.

➡️ Editas Medicine announced a $𝟯𝟭𝟵 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 public offering as gene editing companies continue to strengthen balance sheets and fund next-stage development. ➡️ Cartesian Therapeutics secured $𝟭𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 in non-dilutive financing to support the advancement of its pipeline. ➡️ Q32 Bio Inc. completed a $𝟱𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 private placement, while ClearNote Health raised $𝟱𝟮

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