Foley & Lardner LLP represented TCGX as a lead investor in the oversubscribed $200 million Series C financing for ADARx, a leader in next generation RNA Therapeutics. TCGX led the round jointly with Bain Capital Life Sciences.
ADARx is a clinical stage biotechnology company committed to turning cutting-edge science into life-saving therapeutics. ADARx has developed proprietary RNA delivery platforms and technology for silencing or editing target mRNA and has a growing pipeline of RNA therapeutics for treating diseases across a range of therapeutic areas including genetic, cardiovascular, complement-mediated, and central nervous system.
Funding will be used to further advance ADARx clinical programs including ADX-324 and ADX-038. ADX-324 represents an innovative approach for the treatment of hereditary angioedema, a rare genetic disease that causes painful, rapid, and potentially life-threatening swelling attacks, while ADX-038 is being developed for the treatment of multiple complement mediated diseases. The funding will also support advancement of a pipeline of innovative mRNA silencing or editing candidates for the treatment of a broad range of diseases.
The Foley team was led by partner Louis Lehot and included partners Rishi Sodhi and Lyman Thai and associate Ethan Floyd.
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