Harpoon’s $150M PIPE: Harpoon Therapeutics announced a private placement that is expected to raise a total of $150 million a month after AbbVie opted out of an exclusive option for its BCMA-targeting T cell engager in multiple myeloma. The biotech did not disclose the lead investor, though it noted that its investors include Soleus Capital, Commodore Capital and New Leaf Venture Partners, among others. Its stock $HARP was down about 8% on Monday morning after the PIPE was announced.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.