ARTICLE | Finance
Wnt to market
How Samumed and its investors justify its $12 billion private valuation
August 10, 2018 9:41 PM UTC
With no traditional life science VCs in its syndicate and little publicly disclosed about its science, Samumed LLC was able to raise a $438 million round at a premoney valuation of $12 billion, bringing its total funding to more than $650 million to date.
The company hasn’t yet described any of its Wnt signaling pathway modulators’ mechanisms or targets, but believes it can bring a drug to market within four years and intends to hold off on an IPO until it has 6-12 months of revenue, CEO Osman Kibar told BioCentury...
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