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Hillevax Closes $135 Million Crossover Financing To Advance Clinical Stage Norovirus Vaccine Candidate

Sep 08, 2021•almost 4 years ago

Amount Raised

$135 Million

Boston

Description

HilleVax, Inc. (HilleVax), a biopharmaceutical company focused on the development and commercialization of novel vaccine candidates, today announced the close of a $135 million crossover financing led by Frazier Healthcare Partners and joined by RA Capital Management, Deerfield Management Company, Abingworth, Lightspeed Venture Partners, Perceptive Advisors, Franklin Templeton, Catalys Pacific, Samsara BioCapital, BVF Partners LP, Qiming Venture Partners USA, Greenspring Associates, Richard King Mellon Foundation, and Sahsen Ventures. The proceeds of this financing support the further clinical development of HilleVax’s virus-like particle (VLP) based vaccine candidate, HIL-214, for the prevention of moderate-to-severe acute gastroenteritis caused by norovirus infection.

Company Information

Company

Hille Vax

Location

Boston, Massachusetts, United States

About

HilleVax is a biopharmaceutical company focused on the development and commercialization of novel vaccine candidates. Its initial program, HIL-214, is a virus-like particle (VLP) based vaccine candidate in development for the prevention of moderate-to-severe acute gastroenteritis caused by norovirus infection. Norovirus is a common intestinal infection marked by diarrhea, vomiting, abdominal cramps, nausea and sometimes fever that may lead to clinically significant dehydration.1 Norovirus is recognized as the leading cause of acute gastroenteritis across the age spectrum.2 It is estimated that norovirus causes nearly 700 million cases of illness and more than 200,000 deaths worldwide per year with significant additional economic and social burden.2 No vaccines are currently approved for norovirus infection, and HIL-214 is the most advanced norovirus vaccine candidate in human clinical trials. For more information about HilleVax, visit the company’s website at http://www.HilleVax.com.

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