On June 18, 2019 RAPT Therapeutics, Inc., a clinical-stage immunology-based biopharmaceutical company developing oral small molecules for oncology and inflammatory diseases, reported that it secured an additional $37 million in an extension of its Series C financing (Press release, RAPT Therapeutics, JUN 18, 2019, https://www.rapt.com/rapt-therapeutics-completes-37-million-series-c-extension/ [SID1234537136]). The extension of the financing round included funds and accounts advised by T. Rowe Price Associates, Inc. as well as existing investors The Column Group (through its affiliated Ponoi Capital funds), GV (formerly Google Ventures), Kleiner Perkins, Topspin Partners, and Celgene Corporation.
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"We continue to advance our pipeline of oral small molecule therapeutics, with proof-of-concept results expected in the first half of 2020 from our FLX475 program targeting multiple cancers and in mid-2020 from our RPT193 program in atopic dermatitis," said Brian Wong, M.D., Ph.D., president and CEO of RAPT Therapeutics. "We appreciate the belief in our vision to use our immunology-based drug discovery and development engine to bring new therapeutics to patients in need of safe and effective treatment options, both in cancer and in inflammatory disease."