Pelage Pharma raises $120 million to fund hair loss treatment research
Los Angeles, USA-based biotech Pelage Pharmaceuticals has announced the close of a $120 million Series B financing.
The financing will support the continued advancement of Pelage’s lead program, PP405, a topical small molecule designed to reactivate dormant hair follicle stem cells, offering a potential first-in-class approach for both men and women experiencing hair loss.
ARCH Venture Partners and GV (Google Ventures) led the financing, with participation from existing investors including Main Street Advisors, Visionary Ventures, and YK Bioventures.
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