Founding investors MPM, F2 back Cullinan’s asset-centric approach with $98.5M series B

Cullinan’s $98.5 million series B round is another vote of confidence for the biotech holding company’s asset-centric pipeline management strategy that should bring its first four programs toward clinical proof of concept.

Founding investors MPM Capital and F2 Ventures were joined by new institutional investors and family offices in the financing round, which was led by an undisclosed large institutional money manager in Boston...