At­las and Or­biMed back Boston's Kyn in $49M round to pur­sue im­munome­tab­o­lism ther­a­pies

Boston biotech Kyn Ther­a­peu­tics has raised $49 mil­lion in a Se­ries A round to ad­vance its im­munome­tab­o­lism ther­a­pies to treat can­cer.

The mon­ey comes from At­las Ven­ture and Or­biMed — both re­peat in­vestors who first fund­ed the com­pa­ny dur­ing its launch last March.

Kyn is led by an At­las en­tre­pre­neur-in-res­i­dence Mark Man­fre­di, who was pre­vi­ous­ly chief sci­en­tif­ic of­fi­cer at Raze Ther­a­peu­tics (al­so an At­las-fund­ed start­up). Raze raised a $24 mil­lion Se­ries A in 2014, but the com­pa­ny ap­pears to have wound down pret­ty quick­ly. The web­site is no longer ac­tive, and Man­fre­di said Raze still has some as­sets and col­lab­o­ra­tions, but no longer em­ploys any­one. At­las’ Bruce Booth says the un­der­ly­ing can­cer me­tab­o­lism bi­ol­o­gy was too com­pli­cat­ed to war­rant fur­ther in­vest­ment. Be­fore Raze, Man­fre­di was VP of on­col­o­gy bi­ol­o­gy at Take­da.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER