Tech Company Financing Transactions

IDRx Funding Round

On 8/8/2024, IDRx raised $120 million in Series B investment from Blackstone, Commodore Capital and RA Capital Management.

Transaction Overview

Company Name

IDRx

Announced On

8/8/2024

Transaction Type

Venture Equity

Amount

$120,000,000

Round

Series B

Investors

Blackstone (Lead Investor)

Commodore Capital (Lead Investor)

RA Capital Management (Lead Investor)

Andreessen Horowitz

Casdin Capital

Forge Life Science Partners

private investors (Nick Lydon)

Merck

Nextech Invest

Rock Springs Capital

Proceeds Purpose

The company intends to use the funds to support the ongoing Phase 1/1b StrateGIST 1 study of its lead product candidate IDRX-42, a potent, oral, highly selective KIT inhibitor targeting all major categories of activating and resistance mutations in patients with KIT-mutant GIST. Additionally, proceeds will be used to fund the expected initiation of the first pivotal study for IDRX-42 in patients with second-line GIST.

Company Information

Company Status

Private & Independent

Industry

Biopharmaceutical

Mailing Address

52 Court St.
Plymouth, MA 02360
USA

Phone

Undisclosed

Website

www.idrx.com

Email Address

[email protected]

Overview

IDRx is a clinical-stage biopharmaceutical company dedicated to transforming cancer care with intelligently designed precision combination therapies. Founded in 2022, IDRx's leadership team has extensive experience in drug development, and collectively has been involved in the discovery, development and commercialization of more than 10 approved drugs.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

Chief Executive Officer

Ben Auspitz

Chief Operating Officer

Jessica Christo

VP - Operations

Debbie Johnson

VP - Product Management

Vic Kadambi

VP - Regulatory Affairs

Shrenik Desai

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