Press Release November 22, 2022

FogPharma Announces $178 Million Series D Financing

The Life Sciences team advised FogPharma® on its $178 Million Series D financing.

FogPharma is a biopharmaceutical company pioneering a new class of precision medicines that could ultimately prove applicable to the vast majority of therapeutic targets, including those previously considered “undruggable.”

Proceeds from the Series D financing will be used to advance and accelerate FogPharma’s growing pipeline of hyperstabilized α-helical (Helicon™) polypeptide therapeutics, a proprietary new class of drugs designed to overcome the limitations of today’s precision medicines with broad applicability to the vast majority of disease targets and therapeutic areas.

FogPharma’s lead Helicon polypeptide development candidate, FOG-001, a first-and-only-in-class direct TCF-blocking β-catenin inhibitor with potential applicability to significant cancer patient populations, is expected to enter clinical development in mid-2023. In addition, FogPharma is advancing other first-in-class programs against important, biologically validated cancer targets that have remained elusive to other approaches including TEAD, NRAS, Pan-KRAS, ERG and Cyclin E1.

The Goodwin team was led by Dan Hughes and Kingsley Taft, and included Dan Liu, Patrick O’Brien, and Zachary Ota.

For more details, read the press release and articles in Endpoints, Insider, and Precision Oncology News.