Two years after its launch with $86 million from a syndicate led by Third Rock Ventures, MOMA Therapeutics Inc. is moving its precision oncology programs toward the clinic with a new $150 million series B round. Do you have a motor in the back of your head that is constantly running, solving problems and providing inspiration when you least expect it? MOMA Therapeutics Announces $150 Million Series B Financing. The company now has five programs, with two that are more advanced, according to CEO Asit Parikh. Financing led by Goldman Sachs Asset Management and includes multiple leading healthcare funds CAMBRIDGE, Mass.--(BUSINESS WIRE)--MOMA Therapeutics, a biopharmaceutical company discovering the next generation of precision medicines by targeting molecular machines that underlie human disease, today announced the completion of a $150 million . In early May, the biopharmaceutical company announced the completion of a $150-million Series B financing led by Goldman Sachs Asset Management, with participation from Section 32, Pavilion . MOMA Therapeutics operates as a biotechnology company. Since our launch in 2020, MOMA has advanced our novel drug discovery platform, generated multiple high-impact oncology programs and bolstered our exceptional team. We welcome all new investors to our syndicate, including lead Goldman Sachs Asset Management, and are tremendously grateful to our existing investors for their steadfast support and commitment to MOMAs vision and mission.. Learn how MOMA Therapeutics' innovative lead discovery solution can be applied to the needs of biotechnology discovery workflows. Get the full list Ready to get started? Hopefully it won't stick around in this trend forever, but in the end what's important is that we are ready for all kinds of markets.. MOMA Therapeutics, a biopharmaceutical company discovering the next generation of precision medicines by targeting molecular machines that underlie human disease, announced the completion of a $150 million Series B financing. Series A. MOMA Therapeutics Announces $150 Million Series B Financing. All rights reserved. For Moma, the goal is to create drugs that bind to and regulate the proteins at these key points. . LifeSci Venture Partners and Pavilion Capital are the most recent investors. Goldman Sachs Asset Management is committed to investing in the next generation of innovative life sciences . Search job openings across the Venturesome by Recruit Rockstars network. Bringing together seminal scientific advancements in biochemistry, biophysics, structural biology, chemistry and functional genomics, the company is establishing a platform to exploit a key vulnerability inherent to all enzymes in the class: their dependence on well-coordinated, stepwise changes in protein conformation. By focusing this platform on disease-causing targets, MOMA aims to develop high impact, precision medicines for patients with unmet medical needs. The proceeds will be used to advance a pipeline of precision oncology programmes. Get the latest Pittsburgh local news, breaking news, sports, entertainment, weather and traffic, as well as national and international news, from the Pulitzer Prize-winning staff of the Pittsburgh Post-Gazette. We are delighted to announce our investment in MOMA Therapeutics, a biopharmaceutical company committed to discovering the next generation of precision medicines by targeting molecular machines . Proceeds to fund the advancement of multiple precision oncology programs toward the clinic Financing led by Goldman Sachs Asset Management and includes multiple leading healthcare funds MOMA . In conjunction with the financing, MOMA has appointed Amit Sinha, head of life sciences investing within Goldman Sachs Asset Management, to its board of directors. Moma began raising its latest funding round in mid-January, well into a historic downturn in the biotech market that has made financing a chief concern for many small drug companies and their backers. Stage: B. Transaction Type. Team - MOMA Therapeutics We have a responsibility to tackle this challenge. Financing led by Goldman Sachs Asset Management and includes multiple leading healthcare funds. As for partnerships with larger drugmakers, Parikh said he and his team dont feel any pressure to seek them out given the new funding. And not long after Flare's arrival, another player, Scorpion Therapeutics, announced that it had appointed as its CEO Axel Hoos, who had led cancer research at GSK for the better part of the past decade. We build on that expertise by selflessly collaborating because we know that collective intelligence will get us to our goal faster. If you need to be part of a team that gets things done, look no further. This Series B gives us runway to move our precision medicines toward the clinic for patients in need. If you need to be part of a team that gets things done, look no further. Goldman Sachs Asset Management is committed to investing in the next generation of innovative life sciences companies," said Mr. Sinha. All of MOMA's Series A investors, including Third Rock Ventures, Nextech Invest, Cormorant Asset Management, Casdin Capital, Rock Springs Capital, Creacion Ventures, Alexandria Venture Investments and other undisclosed investors, also participated in the round. Headquarters Regions Greater Boston Area, East Coast, New England. Creacion Ventures US start-up biotech MOMA Therapeutics, which is discovering the next generation of precision medicines by targeting molecular machines that underlie human disease, today announced the completion of a $150 million Series B financing. Moma Therapeutics has raised $150 million in a series B financing round, building on the $86 million that it launched with in April 2020. MOMA Therapeutics Announced Date May 10, 2022 Funding Type Series B Funding Stage Early Stage Venture Money Raised $150M Lead Investors Goldman Sachs Asset Management Goldman Sachs Asset Management provides institutional and individual investors with investment and advisory solutions. Moma Therapeutics Funding Round. MOMA Therapeutics's official website is www.momatx.com What is MOMA Therapeutics's Revenue? MOMA Therapeutics is a private company. CAMBRIDGE, Mass.-- (BUSINESS WIRE)-- MOMA Therapeutics, a biopharmaceutical company discovering the next generation of precision medicines by targeting molecular machines that underlie human. By: MOMA Therapeutics via Business WireMOMA Therapeutics via Business Wire By focusing this platform on disease-causing proteins, MOMA aims to develop precision medicines for patients with significant unmet medical needs. Mr. Sinha has a B.S. No matter your role, youll have a tremendous impact on what we deliver. All of MOMA's Series A . The financing was led by Goldman Sachs Asset Management, with participation from other new investors Section 32, Pavilion Capital, Invus and LifeSci . We are excited to partner with the MOMA team, who has a proven track record of successful discovery and development and has already created a portfolio of promising programs targeting well-characterized drivers of cancer., Ariceum Therapeutics and AmbioPharm Enter Strategic Manufacturing and Supply, Telix and UniQuest to Collaborate on Radiolabelled Immune Targeting Peptide, Thermo Fisher Scientific to Expand Clinical Research Laboratory in Kentucky, PTC Therapeutics Announces Strategic Financing Collaboration with Blackstone with up, European Medicines Agency validates ViiV Healthcares marketing authorisation, 2seventy bio and JW Therapeutics Announce Strategic Partnership to Accelerate the, Seres Therapeutics Announces FDA Acceptance of Biologics License Application for, CSL enters into Strategic Option and License Agreement with Translational Sciences, WuXi Biologics Announces GMP Release of 48,000L Commercial Drug Substance, NovAccess Global Receives FDA Approval of Orphan Drug Application for TLR-AD1. We are MOMA, and this is what you can expect. Company Name. Moma Therapeutics. MOMA Therapeutics's headquarters are in 80 Guest St Fl 5, Brighton, Massachusetts, 02135, United States What is MOMA Therapeutics's phone number? Whalewisdom has at least 148 13F filings, 288 13D filings, 699 . in biological sciences, with honors, from Stanford University and an MBA from Harvard Business School. If you continue to use this site we will assume that you are happy with it. Subscribe to the BioPharma Dive free daily newsletter, Subscribe to BioPharma Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, By Ben Fidler, Ned Pagliarulo, Delilah Alvarado, Jacob Bell and Jonathan , National Institutes of Allergy and Infectious Diseases. Goldman Sachs Asset Management is committed to investing in the next generation of innovative life sciences companies, said Mr. Sinha. We have licensed the exclusive rights in the United States, Europe, and Canada for an investigational potassium-competitive acid blocker (PCAB) which the company is developing for the treatment of . MOMA Therapeutics, a biopharmaceutical company discovering the next generation of precision medicines by targeting molecular machines that underlie human disease, today announced the completion of a $150 million Series B financing. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. We trust each other to do our part, and we dont have to look over each others shoulders to make sure it is right. Weve removed the noise, eliminated the bureaucracy, and created a new company where science rules the day. The companys headcount, currently at 54, doubled in size over the last year, and is expected to grow by another 10 or so before the end of the year, according to Parikh. Big Oncology News today with Congratulations to those at Nykode Therapeutics and MOMA Therapeutics Nykode Therapeutics saw its VB10.16 vaccine used alongside Goldman Sachs leads $150M round for cancer startup Moma Therapeutics - All Leadership Team Founders Mike Acker Biophysics & Biochemistry Haley Amemiya Computational Biology Viral Amin Chemical Biology Yonghong Bai Structural Biology Theresa Baker Biology Hans Bitter Data Science Kesler Bonheur Lab & Facilities Operations Giulia Bottoni Biology We use cookies to ensure that we give you the best experience on our website. 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Ariceum Therapeutics and AmbioPharm Enter Strategic Manufacturing and Supply Partnership, PTC Therapeutics Announces Strategic Financing Collaboration with Blackstone with up to $1 Billion in Funding, European Medicines Agency validates ViiV Healthcares marketing authorisation application for cabotegravir long-acting injectable for HIV Prevention. Moma launched with $86 million in 2020, at a time when drugmaking startups faced far fewer obstacles going public or attracting lucrative buyout offers from large pharmaceutical firms. Momas list of backers includes Third Rock Ventures, Alexandria Venture Investments, Invus and LifeSci Venture Partners, among others. At MOMA, we take on the hardest problems and see them through to a solution. Financing led by Goldman Sachs Asset Management and includes multiple leading healthcare funds CAMBRIDGE, Mass., May 10, 2022 - MOMA Therapeutics, a biopharmaceutical company discovering the next generation of precision medicines by targeting molecular machines that underlie human disease, today announced the completion of a $150 million . In conjunction with the financing, MOMA has appointed Amit Sinha, head of life sciences investing within Goldman Sachs Asset Management, to its board of directors. Last Funding Type Series B. Moma Therapeutics has completed a $150m Series B financing led by Goldman Sachs Asset Management for advancement of several precision oncology programmes to clinical trials. Oct 14, 2022 11:30am. Sie knnen Ihre Einstellungen jederzeit ndern. Pharma Journalist is one of the leading website covering the need of global Pharmaceutical Industry. They repair DNA and transport molecules across cells. May 10, 2022 CAMBRIDGE, Mass.- ( BUSINESS WIRE )- MOMA Therapeutics, a biopharmaceutical company discovering the next generation of precision medicines by targeting molecular machines that underlie human disease, today announced the completion of a $150 million Series B financing. (2016). Prior to his current role, Mr. Sinha was the global head of biotechnology investment banking for Goldman Sachs. MOMA Therapeutics, a biopharmaceutical company discovering the next generation of precision medicines by targeting molecular machines that underlie human disease, today announced the completion of a $150 million Series B financing. Now, with the new funding, Moma estimates that it can operate at least until 2024, when its most advanced programs are expected to enter the clinic. The Boston startup is focusing on small-molecule medicines, not cell therapies or genetic treatments. MOMA Therapeutics (Goldman Sachs Asset Management, Section 32, Pavilion Capital and others) 150 B 10 May United States Small molecules targeting enzyme ATPase domains in DNA and RNA helicases . The financing was led by Goldman Sachs Asset Management, with participation . Proceeds to fund the advancement of multiple precision oncology programs toward the clinic, Financing led by Goldman Sachs Asset Management and includes multiple leading healthcare funds. MOMA is now. The last couple of years were a little bit of an anomaly; things kind of spiraled upward, really faster than anybody would have imagined and maybe faster than was wise for the market., This correction, he added, is something that will maybe bring things a little bit back to Earth. Our careers are part of who we are, and we want to impact the greater good by allowing those motors to run and the magic to happen. In this webinar hear from "both sides of the house" - first from an innovative information technology leader and then a senior scientist who uses the solutions provided by IT. We'll be working incredibly hard to discover their untapped potential because we believe they are the key to delivering the next generation of precisi . Proceeds to fund the advancement of multiple precision oncology programs toward the clinic . Moma Therapeutics, a young biotechnology company trying to develop precision cancer treatments, has raised another $150 million to advance research into a family of proteins it describes as the "laborers of the cell." 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