OrbiMed and Third Rock’s Terremoto Biosciences raises $175M for small molecule R&D
Terremoto Biosciences has reeled in $175 million to create small molecules based on work from Principia Biopharma co-founder Jack Taunton and Global Blood Therapeutics co-founder Matthew Jacobson.
The Series B arrives 18 months after the South San Francisco biotech emerged with $75 million from OrbiMed and Third Rock Ventures. Thursday’s financing is another sign that Third Rock is doubling down on select companies in its portfolio, with Rapport Therapeutics bagging two nine-figure rounds this year and CARGO Therapeutics planning an IPO less than 12 months after its big unveiling.
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