Scoop: Rakuten Medical targets year-end close for $100M+ Series E to fund photoimmunotherapy pipeline: #Jefferies23

Rakuten Med­ical is aim­ing to close its Se­ries E raise be­fore the end of the year, with the funds de­signed to add fu­el to its pho­toim­munother­a­py clin­i­cal tri­als. As of this week, the com­pa­ny has dock­et­ed $107-108 mil­lion, End­points News has learned.

“The mar­ket sit­u­a­tion is re­al­ly tough but we are in good shape,” co-CEO and pres­i­dent Takashi Toraishi told End­points on the side­lines of the Jef­feries health­care meet­ing Wednes­day. Since the fundraise is still on­go­ing, Toraishi de­clined to dis­close the ex­act tar­get size of the raise.

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