PostEra closes $24M in new financing to advance drug discovery

By The Science Advisory Board staff writers

January 12, 2022 -- PostEra has closed $24 million in equity financing to accelerate medicinal chemistry and bring new cures to patients. The company also announced a multitarget strategic partnership with Pfizer to establish an artificial intelligence lab.

The proceeds will go toward advancing a series of partnered drug discovery programs and further developing PostEra's medicinal chemistry platform.

Over the past 18 months, PostEra has proven its platform on a wide variety of drug discovery programs by tightly integrating the design-make-test cycle of medicinal chemistry, the company said. Recent results include the rapid development of COVID oral antiviral candidates via COVID Moonshot and the advancement of several drug discovery efforts with biopharma partners.

PostEra was founded in 2019. The Clermont Group led the series A financing with participation from Breyer Capital, Lifeforce Capital, I2BF Global Ventures, and existing investors Metaplanet, HOF Capital, Ace & Company, Pioneer Fund, and R. Martin Chavez.

Verisim Life secures $15M series A funding
Verisim Life announced it has closed an oversubscribed $15 million series A financing round. Proceeds will help Verisim scale its operations, democratize...

Copyright © 2022 scienceboard.net


Conferences
International Society for Cell and Gene Therapy Annual Meeting
May 4 - June 7
San Francisco, California United States
Interphex 2022 Conference
May 24-26
New York, New York United States
American Society for Mass Spectrometry Annual Conference
June 5-9
Minneapolis, Minnesota United States
American Society for Microbiology Microbe Meeting
June 9-13
District of Columbia United States
HPLC 2022
June 18-23
San Diego, California United States
Connect
Science Advisory Board on LinkedIn
Science Advisory Board on Facebook
Science Advisory Board on Twitter