Zura Bio (ZURA) Completes $80M Financing Deal
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Zura Bio Completes Approximately $80 Million Financing with the Focus on Advancing ZB-106, a Potential First-in-class Anti-IL-17 and Anti-BAFF Dual Antagonist
June 6, 2023 4:00 AM EDTTibulizumab (ZB-106) was licensed from Eli Lilly and Company on April 26, 2023 Total cash and cash equivalents of approximately $120 million is expected to fund planned clinical and operating activities through 2026
SAN DIEGO--(BUSINESS WIRE)-- Zura Bio Limited (Nasdaq: ZURA) (Zura Bio), a multi-asset clinical-stage biotechnology company focused on developing novel medicines for immune and inflammatory disorders, today announced the final closing of a private placement resulting in gross proceeds to Zura Bio of approximately $80 million. This funding will allow Zura Bio to initiate a Phase 2 clinical trial for ZB-106 in systemic... More
