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Funding will support its novel platform for treating cancer by merging antibody-drug conjugates with protein degraders.
February 16, 2024
By: Charlie Sternberg
Associate Editor
Firefly Bio, a California-based startup, has debuted on the biotech scene with a Series A funding round of $94 million to support its novel platform for treating cancer by merging antibody-drug conjugates with protein degraders. Versant Ventures and MPM BioImpact led the Series A along with Decheng Capital and a contribution from Eli Lilly. According to Firefly, its degrader antibody conjugates (DACs) leverage both antibody- drug conjugates (ADCs) and protein degraders. By combining the two ...
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