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Frontier Medicines raises USD 20 million in extended Series C funding; appoints new CFO
AI Drug Discovery
Jun 25, 2024
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AI Drug Discovery

AI Drug Discovery

Jun 25, 2024

Frontier Medicines raises USD 20 million in extended Series C funding; appoints new CFO

Management news
Funding

  • AI-based oncology therapeutics developer Frontier Medicines has raised USD 20 million in extended Series C funding, bringing the total proceeds of the round to USD 100 million. Investors such as Deep Track Capital and ArrowMark Partners participated in the funding round.

  • The additional funds will be invested in accelerating the development of FMC-376 and several ongoing pipeline programs, with the goal of submitting one  Investigational New Drug (IND) per year. Along with the funding, the company has also announced the appointment of Gerardo Ubaghs as the CFO of the company.

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