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Tuesday, September 5, 2023

Olema Oncology Announces Combined Financing for Up to $180 M

 $130 million equity private placement led by Paradigm BioCapital with participation by Lightspeed Venture Partners, Deep Track Capital, BVF Partners L.P., Cormorant Asset Management, Vivo Capital, Logos Capital, and Woodline Partners LP

Senior secured credit facility for up to $50 million provided by Silicon Valley Bank

Financing provides sufficient capital to fund Olema beyond OPERA-01 clinical trial top-line data and into 2027

https://www.biospace.com/article/olema-oncology-announces-combined-financing-for-up-to-180-million/

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