Parabilis Medicines: $305 Million Series F Raised To Advance Zolucatetide Program And Helicon Peptide Platform
By Amit Chowdhry ● Yesterday at 7:10 AM
Parabilis Medicines, a clinical-stage cancer drug developer, said it has closed an oversubscribed $305 million Series F financing to fund ongoing clinical development of its lead candidate FOG-001 (zolucatetide) across multiple tumor types and to expand a broader pipeline built on its Helicon peptide platform. The round was co-led by RA Capital Management, Fidelity Management & Research Company, and Janus Henderson Investors. Parabilis said new investors in the financing included Frazier Life Sciences, Soleus Capital, and a life science-dedicated investment fund, alongside participation from a broad syndicate of existing backers including venBio Partners, Cormorant Asset Management, ARCH Venture Partners, GV, accounts advised by T. Rowe Price Associates, Marshall Wace, General Catalyst, Invus, Farallon Capital Management, Foresite Capital, Rock Springs Capital, HBM Healthcare, Samsara BioCapital, Catalio Capital Management, and others.