Autoimmune disease therapy spinout Cabaletta Bio's series B round brought its total to at least $88m allowed the university to pare back its shareholding.

Cabaletta Bio, a US-based autoimmune disease treatment developer spun out of University of Pennsylvania, raised $50m on Thursday in a series B round which allowed the university to sell some of its shares to the incoming investors. Healthcare-focused investment firm Deerfield Management took part in the round, investing alongside Redmile Group, Cormorant Capital, Adage Capital…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.