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PAQ Therapeutics secures $39 million in Series B financing to advance its KRAS degrader PT0253, co-led by MRL Ventures Fund and Bayland Capital.

PAQ Therapeutics secures $39 million in Series B financing to advance its KRAS degrader PT0253, co-led by MRL Ventures Fund and Bayland Capital.

05/07/25, 11:59 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgburlington
Money raised
$39 million
Industry
therapeutics
biotechnology
health care
Round Type
series b
Investors
Sherpa Health Partners, Bio Track Capital, Lav Fund, Johnson & Johnson Innovation – Jjdc Inc., Bayland Capital, Mrl Ventures Fund
PAQ Therapeutics, a biotechnology firm, announced its completion of a $39 million Series B funding round. The financing is aimed at advancing their lead asset PT0253 into further clinical development, following the dosing of the first patient in a Phase 1 trial. The round was co-led by MRL Ventures Fund and Bayland Capital, with investments from several notable firms. These funds will also support further development of PAQ's additional assets.

Company Info

Company
PAQ Therapeutics
Location
burlington, massachusetts, united states
Additional Info
PAQ Therapeutics is a biotechnology company pioneering a new approach to restoring heath and curing disease through autophagy, the body’s most versatile mechanism for natural cellular degradation. With our ATTEC (autophagosome-tethering compound) technology, we are developing a novel class of small molecule degraders capable of binding a diverse array of substrates to the autophagy pathway including proteins, aggregates, lipids, organelles and pathogens. PAQ’s research advances in this important new class of degradation therapies have the potential to fundamentally transform drug discovery and development.
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Trends

RaisedGrowth

The data in the raised column shows reported funding for this location/industry over last 90 days.

The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days.

Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.

https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgburlington
$151 M244.9%
biotechnology
$10 B-16.0%
health care
$9.1 B-23.5%
therapeutics
$1.5 B-44.1%