REG - RTW Biotech Opp. - New Investment in Jade Biosciences, Inc

RTW Biotech OpportunitiesAnnouncement

06/08/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240806:nRSF2331Za&default-theme=true

RNS Number : 2331Z  RTW Biotech Opportunities Ltd  06 August 2024

LEI: 549300Q7EXQQH6KF7Z84

6 August 2024

RTW Biotech Opportunities Ltd

New Investment in Jade Biosciences, Inc.

RTW Biotech Opportunities Ltd (the "Company"), a London Stock Exchange-listed
investment company focused on identifying transformative assets with high
growth potential across the life sciences sector, is pleased to note the
investment in new portfolio company, Jade Biosciences, Inc. ("Jade").

The Company, alongside other investment vehicles managed by RTW Investments,
LP (the "Investment Manager"), participated in Jade's financing round that
raised $80 million for its launch. The funding will be used to support Jade's
plans to develop targeted therapies for indications with high unmet need
across inflammation and immunology.

 

Jade Biosciences is developing a pipeline of potentially best-in-class
therapies to redefine the standard of care for patients living with autoimmune
conditions. Jade's pipeline of potentially best-in-class biologics was
engineered by Paragon Therapeutics (https://www.paragontherapeutics.com/) ,
which was founded by leading healthcare investor Fairmount. Jade is the fourth
company founded from Paragon, which also includes Apogee Therapeutics, whose
Series B the Company also invested in and continues to hold in its core public
portfolio segment.

 

Josh Kennedy-Smith, Partner and Research Analyst at the Investment Manager
said, "Jade Biosciences is an exciting new biotech developing best-in-class
therapies for autoimmune diseases. We believe there is high potential and
value in Jade's pipeline, which aims to address significant unmet medical
needs in immunology and inflammation."

The full text of Jade's announcement can be accessed on its website at:
https://jadebiosciences.com/
(https://www.prnewswire.com/news-releases/jade-biosciences-launches-with-80-million-to-develop-transformative-therapies-for-autoimmune-diseases-302211772.html?tc=eml_cleartime)
.

 

For Further Information

 RTW Investments, LP                                      +44 20 7959 6361
 Woody Stileman, Managing Director, Business Development  biotechopportunities@rtwfunds.com (mailto:biotechopportunities@rtwfunds.com)

 Krisha McCune, Director, Investor Relations

 Buchanan (PR & Communications Adviser)                   +44 20 7466 5107

 Charles Ryland

 Henry Wilson

 George Beale

 Deutsche Numis (Joint Corporate Broker)                  +44 20 7260 1000

 Freddie Barnfield

 Nathan Brown

 Euan Brown

 BofA Securities (Joint Corporate Broker)                 +44 20 7628 1000

 Edward Peel

 Alex Penney

 Cadarn Capital (Distribution & IR Partner)               +44 73 6888 3211

 David Harris

 Elysium Fund Management Limited                           +44 14 8181 0100

 Joanna Duquemin Nicolle, Chief Executive Officer

 Sadie Morrison, Managing Director

 Morgan Stanley Fund Services USA LLC                     +1 914 225 8885

 

About Biotech Opportunities Ltd:

RTW Biotech Opportunities Ltd (LSE: RTW & RTWG) is an investment fund
focused on identifying transformative assets with high growth potential across
the biopharmaceutical and medical technology sectors. Driven by a long-term
approach to support innovative businesses, RTW Biotech Opportunities Ltd
invests in companies developing next-generation therapies and technologies
that can significantly improve patients' lives. RTW Biotech Opportunities Ltd
is managed by RTW Investments, LP, a leading healthcare-focused
entrepreneurial investment firm with deep scientific expertise and a strong
track record of supporting companies developing life-changing therapies.

Visit the website at www.rtwfunds.com/rtw-biotech-opportunities-ltd
(https://www.rtwfunds.com/rtw-biotech-opportunities-ltd/)  for more
information.

 

***********

The information in this announcement may include forward-looking statements,
which are based on the current expectations and projections about future
events, and in certain cases can be identified by the use of terms such as
"may", "will", "should", "expect", "anticipate", "project", "estimate",
"intend", "continue", "target", "believe" (or the negatives thereon) or other
variations thereon or comparable terminology. These forward-looking
statements, as well as those included in any related materials, are subject to
risks, uncertainties and assumptions about the Company and/or its underlying
investments, including, among other things, the development of the applicable
entity's business, trends in its operating industry, expected use of financing
proceeds and future capital expenditures and acquisitions. In light of these
risks, uncertainties and assumptions, the events in the forward-looking
statements may not occur.

The information contained in this announcement is given at the date of its
publication (unless otherwise marked). No reliance may be placed for any
purpose whatsoever on the information or opinions contained in this
announcement or on its completeness, accuracy or fairness.

***********

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCXELFBZVLXBBZ