Aileron closes $40M financing
Massachusetts, USA-based Aileron Therapeutics, a biotechnology company discovering and developing a novel class of therapeutics called stapled peptides, says it has closed a $40.0-million series D financing. This was co-led by new investors SR One, the independent corporate venture fund of UK drug giant GlaxoSmithKline, and Excel Medical Fund. The round also included major participation by existing investors: Apple Tree Partners, who is the founding investor of Aileron, and Novartis Venture Fund. Lilly Ventures and Roche Venture Fund also participated in the offering.
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