Olema Oncology receives $180M in total funding

Ole­ma On­col­o­gy, the Bay Area biotech run by for­mer As­traZeneca ex­ec­u­tive Sean Bo­hen, raised $130 mil­lion from a pri­vate place­ment and a cred­it fa­cil­i­ty of up to $50 mil­lion from Sil­i­con Val­ley Bank to ad­vance its breast can­cer treat­ment.

The biotech an­nounced Tues­day that it can re­ceive $25 mil­lion once the place­ment clos­es on Sept. 12, with the re­main­ing funds be­ing able to be with­drawn at SVB’s dis­cre­tion.

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