Finance Watch: Atea Pharmaceuticals Raises $215m For COVID-19 Antiviral

 
• By Mandy Jackson
  
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Private Company Edition: Atea and Phlow receive big money for big COVID-19 problems – treatments and manufacturing capacity. Also, Cowen raises a $493m fund and antifungal developer Amplyx increases series C round to $90m, among other recent VC deals.

Finance Watch

Atea Pharmaceuticals Inc. has been quietly developing a pipeline of oral direct-acting antiviral drugs against hepatitis C and other RNA viruses since 2014, but now the company has emerged from stealth mode with a $215m series D venture capital round and a lead development program designed to prevent moderate COVID-19 patients from turning into severe cases requiring mechanical ventilation.

Lead series D investor Bain Capital Life Sciences and the company’s many other backers are investing in Atea’s purine nucleotide...

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