RAGE Biotech, an IP Group plc affiliate, raises $A29 million in Series A funding

Reuters11-13
RAGE Biotech, an IP Group plc affiliate, raises $A29 million in Series A funding

IP Group plc affiliate RAGE Biotech has secured $A29 million in Series A funding led by IP Group Australia and Hostplus, with continued support from Monash Ventures. RAGE Biotech, a spinout between IP Group Australia and Australian research institutions, is developing precision splice-switching oligonucleotide therapies for chronic inflammatory diseases, with its lead program RB042 advancing toward first-in-human clinical trials.

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