Boundless Bio is backed by the venture capital arm of Bayer and others. The funding landed even though venture capital investment has slowed dramatically this year.
San Diego’s Boundless Bio, which is developing precision therapies to block certain genes from morphing cells into tumors, snagged $100 million in a third round of venture capital funding.
It has been detected in 14 percent of early stage cancers and up to 40 percent of metastatic cancers, according to the company. These “oncogene amplified” tumors have proven difficult to treat using current therapies.Leaps by Bayer, the investment arm of drug giant Bayer, led the funding round with RA Capital Management. Other new investors include Sectoral Asset Management and Piper Heartland Healthcare Capital.
Boundless Bio said it’s the first company wholly dedicated to developing novel therapeutics for patients with oncogene-amplified cancers.
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