Richard Mason, Apollo Therapeutics CEO

A UK biotech looks to bring al­liance be­tween GSK, J&J, As­traZeneca, and top uni­ver­si­ties state­side with its first megaround

Richard Ma­son was work­ing at the J&J In­no­va­tion Cen­ter in Lon­don about six years ago when the com­pa­ny linked arms with two oth­er phar­mas and three of the UK’s lead­ing uni­ver­si­ties to form Apol­lo Ther­a­peu­tics — a trans­la­tion­al med­i­cine group aimed at spin­ning out new ther­a­pies. Now he’s run­ning the show at Apol­lo, and he’s pulled in $145 mil­lion to dri­ve those pro­grams in­to the clin­ic.

Ma­son un­veiled what he calls Apol­lo’s “first in­sti­tu­tion­al fi­nanc­ing” ear­ly Thurs­day morn­ing, which he plans on us­ing to beef up op­er­a­tions both in the UK and the US, and ad­vance a port­fo­lio of more than 15 pro­grams.

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