Venture Capital

Viking leads a $46M raise for a struggling aTyr Pharma

Paul Schimmel, Scripps

With its share price in a swoon, San Diego-based aTyr Pharma $LIFE has inked a $46 million equity deal to fund its development work. Viking Global Investors led the raise with participation from EcoR1 Capital and Redmile Group. The group bought shares at $2.64.

Shares came close to $23 each in the spring of 2015, after the biotech went public at $14 a share. But the glory days didn’t last long, with the stock falling steadily. The biotech’s market cap started at $333 million; it’s now down to $63 million.

The biotech is focused on what it believes will be a new class of proteins called physiocrines. The scientific founder is Paul Schimmel out of Scripps. Their lead drug is Resokine, now in three clinical programs for severe, rare myopathies with an immune component


The best place to read Endpoints News? In your inbox.

Comprehensive daily news report for those who discover, develop, and market drugs. Join 30,000+ biopharma pros who read Endpoints News by email every day.

Free Subscription

RAPS Convergence 2018

Technical Operations Manager
Molecular Templates Austin, TX
Senior Director, Global Commercial Strategy, Rare Disease
Govig BioPharma/Aeglea BioTherapeutics Austin, TX
Senior Manager, Sales & Client Development
Aldevron Boston or San Francisco
Scientist, Cellular Immunology
Codiak BioSciences Cambridge, MA
Director of Quality Assurance
Aldevron Fargo, ND
Principal Scientist, Immuno-Oncology (Inflammation)
Codiak BioSciences Cambridge, MA

Visit Endpoints Careers ->