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Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - Weight-loss drug developer Metsera has raised $290 million in funding, led by biotech investor ARCH Venture Partners as well as participation from firms such as SoftBank and Mubadala Capital, the company said on Thursday.
Metsera, founded in 2022 by venture capital firm ARCH Venture and investment firm Population Health Partners, is developing injectable and oral drugs to treat obesity, based on the GLP-1 mechanism as well as other biological targets."There are other great companies around as Viking on the injectable and oral side, as well as Structure on the small molecule side," Chief Executive Officer Clive Meanwell said.
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