Funds to support clinical development of lead programs and expansion of small molecule pipeline focused on high-value GPCR targets
BOSTON, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Superluminal Medicines, Inc., "The Membrane Company" using generative biology, chemistry, and machine learning approaches to revolutionize the speed and accuracy of how medicines are created, today announced the closing of a $120 million Series A funding round. RA Capital Management led the investment, with participation from existing investors Insight Partners, NVentures (NVIDIA's venture capital arm), and Gaingels. New investors Catalio Capital Management, Eli Lilly and Company, and Cooley LLP joined in the financing, and Diamantis Xylas, MD of Catalio joined the Board of Directors.
The funds will support the progression of Superluminal's lead program into clinical development and increase the number of small molecule drug discovery programs focused on high-value G protein-coupled receptor (GPCR) targets. The company's platform rapidly creates candidate-ready compounds by utilizing a unique combination of human understanding, generative biology, chemistry, machine learning, and proprietary big data infrastructure.
"We are grateful to have the continued support of our renowned seed investors and prominent new investors as we rapidly progress our existing high-value programs and expand our pipeline," said Cony D'Cruz, CEO of Superluminal Medicines. "We are advancing six small molecule programs and continue to build a discovery platform to quickly and efficiently generate therapeutics for any membrane drug target."
"We continue to be impressed by the speed at which Superluminal has progressed its existing programs for really challenging drug targets," said Andrew Levin, MD, PhD, Partner and Managing Director at RA Capital Management. "Superluminal's ...
