Tech Company Financing Transactions
Mersana Therapeutics Funding Round
Wellington Management Company, Arrowpoint Partners and Cormorant Asset Management invested in a $33 million Series C funding round for Mersana Therapeutics. The financing round was announced on 6/16/2016.
Transaction Overview
Company Name
Announced On
6/16/2016
Transaction Type
Venture Equity
Amount
$33,000,000
Round
Series C
Investors
Proceeds Purpose
Mersana plans to use the proceeds to further develop its pipeline programs and expand its proprietary ADC platform. The Company currently anticipates filing an Investigational New Drug (IND) application for lead candidate XMT-1522, a novel HER-2 targeting therapy, in mid-2016, and plans to initiate a Phase 1 proof of concept clinical trial shortly thereafter. Mersana's second program, XMT-1536, a novel anti-sodium-dependent phosphate transport protein 2B (anti-NaPi2b) ADC, is currently advancing into IND-enabling studies.
Company Information
Company Status
Publicly-held
Industry
Biopharmaceutical
Mailing Address
840 Memorial Dr.
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Overview
Mersana Therapeutics, Inc. (NASDAQ: MRSN) is focused on developing novel oncology agents based on Fleximer, a stealth material that enhances the pharmacokinetics and safety of drugs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Anna Protopapas
Chief Medical Officer
Dirk Huebner
Chief Scientific Officer
Timothy Lowinger
VP - Bus. Development
Eva Jack
VP - Finance
Brian DeSchuytner
VP - Manufacturing
Michael Kaufman
Browse more venture capital transactions:
Prev: 6/16/2016: Lumus venture capital transaction
Next: 6/16/2016: Vow To Be Chic venture capital transaction
Share this article
About Our Venture Capital Transactions Database
We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs