PAQ puts $39 million into pot for KRAS degraders
Massachusetts-based PAQ Therapeutics, a biotech developing KRAS degraders for cancers lacking effective treatment options, has completed a $39 million Series B funding round.
PAQ was founded in 2020 and completed a $30 million Series A financing in 2021. Over the last three years, its team has gained proprietary understanding of KRAS biology, which guided medicinal chemistry to identify KRAS degraders.
It is believed that these programs have the potential to address key limitations of clinical-stage KRAS inhibitors, offering more effective and durable treatments.
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