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Solve Therapeutics Raises $120M in Latest Funding Round

The financing accelerates development of clinical-stage assets SLV-154 and SLV‑324, both featuring Solve’s CloakLink linker technology.

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By: Charlie Sternberg

Associate Editor

Solve Therapeutics, a clinical-stage biotechnology company developing antibody-drug conjugates (ADCs) for solid tumor malignancies, has raised $120 million in an oversubscribed and upsized financing to accelerate the development of its clinical pipeline and proprietary CloakLink linker platform. The round was led by Yosemite, with participation from Abingworth, Ally Bridge Group, B Capital, Balyasny Asset Management, Merck & Co., and SymBiosis, and existing investors Alexandria Venture In...

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