On March 15, 2022 Exome Asset Management LLC, led by Sam Isaly, reported that participated in the Series D1 financing of IMPACT Therapeutics, a biopharmaceutical company dedicated to the discovery and development of targeted anti-cancer therapeutics based on synthetic lethality, which recently closed (Press release, Impact Therapeutics, MAR 15, 2022, View Source [SID1234610135]). Proceeds will be used to accelerate the development of its synthetic lethality programs, many of which are showing best-in-class potential.
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"Synthetic lethality is one of several promising new approaches to the treatment of cancers. Exome is excited to contribute to the development of targeted therapeutics to contribute to the well-being of mankind", asserted Mr. Isaly.
IMPACT Therapeutics is a biopharmaceutical company dedicated to the discovery and development of targeted anti-cancer therapeutics based on synthetic lethality. In 2021, IMPACT achieved breakthroughs on multiple targets including PARP, Wee1, and ATR, becoming one of the biotech companies with the broadest DDR pipelines in the world and is expanding to other novel synthetic lethality targets to broaden its pipelines. Today, the company already has three synthetic lethality compounds in the clinical stage.
Dr. Jun Bao, President and CEO of IMPACT Therapeutics said: "We thank these excellent investment institutions for their support and trust in IMPACT. The successful closing gave us more confidence to implement our global development strategy and advance various clinical trials at full speed. We look forward to working with clinical investigators and other partners to bring more efficacious therapies to patients around the world."