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Apollo Therapeutics Completes $145 Million Financing Led By Patient Square Capital To Expand And Advance Portfolio-Based Drug Development

Jun 17, 2021•over 4 years ago

Amount Raised

$145 Million

Cambridge

Description

Apollo Therapeutics, a portfolio-based biopharmaceutical company rapidly advancing potentially transformative treatments based on breakthrough discoveries, has completed a $145 million (over £100 million) financing. The financing was led by Patient Square Capital, which will take a controlling position in the business, with participation from additional investors including Rock Springs Capital, Reimagined Ventures and UCL Technology Fund. Proceeds from the investment will support advancement of Apollo’s robust pipeline into development, expansion of the company’s operations including establishment of a presence in the Boston, MA area and pursuit of new collaborations globally.

Company Information

Company

Apollo Therapeutics

Location

Cambridge, Maryland, United States

About

Apollo Therapeutics is a portfolio-based biopharmaceutical company rapidly advancing a robust pipeline of potentially transformative therapeutic programs based on breakthrough discoveries. Through deep relationships with world-leading scientists and inventors, the company identifies programs with strong biological hypotheses and potential to become meaningful new treatment options. Apollo’s model combines drug development ‘architects’ and deep subject matter experts to build an expansive and de-risked pipeline in oncology, major inflammatory disorders and rare disease. Apollo was formed in late 2015 as a joint venture between three leading academic institutions – University of Cambridge, Imperial College London and University College London, and three pharmaceutical and healthcare companies – AstraZeneca, GlaxoSmithKline (GSK) and Johnson & Johnson Innovation – JJDC, Inc. For more information, visit www.apollotherapeutics.com.

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