HomeFinTechLumen Bioscience: Raises $16M in Series B Financing

Lumen Bioscience: Raises $16M in Series B Financing

  • Lumen Bioscience, a Seattle, WA-based clinical-stage biopharmaceutical company developing biologic drugs for highly prevalent diseases, closed a $16m Series B financing
  • The round was co-led by new investor WestRiver Management and returning investor Bioeconomy Capital
  • The funding, which brings Lumen’s total equity and non-dilutive investment to $68m
  • It will also support continued advancement of the company’s three clinical programs for C. difficile, norovirus and traveler’s diarrhea
  • Lumen discovers, develops and manufactures biologic drugs and vaccine candidates for several prevalent
  • Lumen also commissioned its dedicated cGMP manufacturing plant, which is currently manufacturing approximately 3 kg of drug material per week
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