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Denali Secures $500M in Financing, Focuses on Biotherapeutics

Proceeds to support ongoing R&D activities and the acceleration and expansion of its BBB-crossing Transport Vehicle technology.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Denali Therapeutics Inc., a biopharmaceutical company developing a broad portfolio of product candidates engineered to cross the blood-brain barrier (BBB) for the treatment of neurodegenerative diseases and lysosomal storage diseases, entered into a securities purchase agreement with certain existing accredited investors to issue and sell shares of its common stock. Denali anticipates the gross proceeds to be approximately $500 million.    Proceeds from the financing are expected to be used to...

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