Corbus Pharmaceuticals Holdings, Inc. has filed a notice of a Private Investment in Public Equity (PIPE) offering of securities to raise $82,200,000.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Corbus Pharmaceuticals Holdings, Inc. is raising $82,200,000.00 in new funding. About Corbus Pharmaceuticals Holdings, Inc.: Corbus Pharmaceuticals Holdings, Inc., a biopharmaceutical company, develops products to defeat serious illness. It develops CRB-701, an antibody drug conjugate (ADC) that targets the expression of Nectin-4 on cancer cells to release a cytotoxic payload of monomethyl auristatin E (MMAE), which is in Phase I clinical trial; CRB-601, an anti-integrin monoclonal antibody that blocks the activation of TGF expressed on cancer cells for the treatment of solid tumors; CRB-913, an endocannabinoid small molecule drug for the treatment of obesity and related metabolic diseases; and lenabasum, an oral molecule that selectively activates cannabinoid receptor type 2 (CB2), which is in Phase II clinical trial or the treatment of inflammation and fibrosis. It has a licensing agreement with Jenrin Discovery, LLC to develop and commercialize the licensed products, including the Jenrin library of approximately 600 compounds, and multiple issued and pending patent filings. The company was incorporated in 2009 and is based in Norwood, Massachusetts.
To learn more about Corbus Pharmaceuticals Holdings, Inc., visit http://www.corbuspharma.com/
Contact:
Yuval Cohen, Chief Executive Officer
617-963-0100
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