Dragonfly Therapeutics Completes New Investment Round
A new round of investment will allow Dragonfly to further accelerate development of its novel innate immune system and Natural Killer cell-based immunotherapies into the clinic.
WALTHAM, Mass., March 19, 2020 /PRNewswire/ -- Dragonfly Therapeutics, Inc. ("Dragonfly" or the "Company") today announced that Fidelity Management & Research Company ("Fidelity") has led a new round of investment in Dragonfly, along with other major investors. This brings total equity funding plus partnership capital in the Company to over $300 million thus far, with potential future milestones of over $10 billion plus ongoing royalties.
"This investment round strengthens Dragonfly's capacity to advance our internal pipeline of drug candidates deep into the clinic," said Bill Haney, co-founder and CEO of Dragonfly Therapeutics. "We are delighted that investors see our transition to a clinical-stage company last year as a strong foundation from which to advance a series of our internal drugs for patients, even as we expand our work making drug candidates for our Pharma Collaborators."
About Dragonfly
Dragonfly Therapeutics is a clinical-stage biopharmaceutical company committed to discovering, developing and commercializing therapies that use its novel TriNKET(TM) technology to harness the body's innate immune system to bring breakthrough disease treatments to patients.
For more information visit:
www.dragonflytx.com
https://www.linkedin.com/company/dragonfly-therapeutics-inc
https://twitter.com/dragonflytx
DRAGONFLY MEDIA CONTACT:
Anne Deconinck | anne@dragonflytx.com
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SOURCE Dragonfly Therapeutics, Inc.
