Avoro News

Avoro Capital Updates

We are pleased to share industry insights and updates on Avoro and our portfolio companies. Please reach out if you would like to learn more.

Gilead Sciences to Acquire Immunomedics

Gilead Sciences to Acquire Immunomedics — Gilead Adds TrodelvyTM, First-in-Class Antibody-Drug Conjugate Approved to Treat Triple-Negative Breast Cancer, With Promise in Other Forms of Breast Cancer and Additional Solid Tumors — — Acquisition Transforms Gilead’s Portfolio with First-in-Class Commercial Product with Significant Revenue and Best-in-Class Potential — — Trodelvy will Accelerate Gilead’s Emerging and Complementary Oncology …

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PMV Pharma Closes $70 Million in Series D Financing

Dr. Rich Heyman appointed as Chair of the Board of Directors of PMV Pharma August 03, 2020 08:00 ET | Source: PMV Pharmaceuticals, Inc. CRANBURY, N.J., Aug. 03, 2020 (GLOBE NEWSWIRE) — PMV Pharmaceuticals, Inc., a precision oncology company pioneering the discovery and development of small molecule, tumor-agnostic therapies targeting p53 mutations, announced the completion …

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Praxis Precision Medicines Announces $110 Million Financing

Participation from top-tier healthcare investors recognizes momentum across breadth of its CNS therapeutics portfolio July 28, 2020 08:59 AM Eastern Daylight Time CAMBRIDGE, Mass.–BUSINESS WIRE–Praxis Precision Medicines, Inc., a clinical-stage company translating genetic insights into the development of therapies for people with central nervous system disorders, today announced that it has raised approximately $110 million …

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Avadel Pharmaceuticals Announces $65 Million Private Placement with Leading Biotech Investment Funds

February 21, 2020 09:00 ET | Source: Avadel Pharmaceuticals plc DUBLIN, Ireland, Feb. 21, 2020 (GLOBE NEWSWIRE) — Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on developing FT218, an investigational, once-nightly formulation of sodium oxybate for treating excessive daytime sleepiness and cataplexy in patients with narcolepsy, announced today that it entered into a definitive …

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Allogene Therapeutics Completes a $120 Million Private Financing

SOUTH SAN FRANCISCO, Calif.–BUSINESS WIRE–Allogene Therapeutics, Inc., a clinical-stage biotechnology company pioneering the development of allogeneic CAR T therapies for cancer, today announced it has completed a $120 million private financing of Convertible Notes. Participants in this financing were primarily first-time investors in Allogene. The financing was led by Perceptive Advisors and included Deerfield Management …

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