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Rapafusyn Pharma Raises $28 Million for Molecular Glues from China Investors

publication date: Jun 21, 2024

Baltimore’s Rapafusyn Pharma, a novel drug company based on non-degrading molecular glues, extended its Series A financing, bringing the total to $28 Million. The financing was led by China investors 3E Bioventures Capital and Proxima Ventures Ltd. with participation from Lapam Capital. Rapafusyn’s libraries of RapaGlues™ produce novel chemical entities for targets that are challenging or undruggable by other modalities. The platform leverages non-degrading macrocyclic molecular glues to address therapeutic targets. Rapafusyn’s DNA-encoded libraries (DELs) and arrayed libraries of RapaGluesTM form neo-PPIs to inhibit a protein from its usual activity. More details....

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