On December 17, 2020 Cullinan Oncology, LLC, a biopharmaceutical company focused on developing a diversified pipeline of targeted oncology and immuno-oncology therapies with transformative potential for cancer patients, reported the closing of an oversubscribed $131.2 million Series C financing (Press release, Cullinan Oncology, DEC 17, 2020, View Source [SID1234572994]). The financing was led by Foresite Capital with participation from additional new investors: Boxer Capital of Tavistock Group; Eventide Asset Management; Nextech Invest; OrbiMed; Venrock Healthcare Capital Partners; Rock Springs Capital; BVF Partners, L.P.; and Logos Capital. Existing investors, including MPM Capital, F2 Ventures, Cowen Healthcare Investments, The Baupost Group, Schooner Capital, as well as other institutions and individuals, also participated in the round.

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"We appreciate the confidence of both our existing as well as new investors in our team and portfolio of assets," stated Owen Hughes, Cullinan’s CEO.

SVB Leerink is acting as exclusive placement agent to the company in connection with the private placement.