BOULDER, Colo.--(BUSINESS WIRE)--OnKure, Inc., a privately-held biopharmaceutical company developing best-in-class, targeted oncology therapeutics, today announced that it has raised $55 million in a Series B financing. Proceeds will be used to advance the Company's next generation histone deacetylase (HDAC) inhibitors further into clinical development and fund a growing pipeline of earlier stage molecules.

The financing was led by Acorn Bioventures with participation from additional new investors Cormorant Asset Management, Surveyor Capital (a Citadel company), Samsara BioCapital, Perceptive Advisors and funds and accounts managed by BlackRock.

In connection with the financing, Isaac Manke, Ph.D., Partner at Acorn Bioventures, and Andrew Phillips, Ph.D., Managing Director at Cormorant Asset Management, will join the OnKure board of directors.

More on Colorado Desk

• Radio Drive's New Album Walk With Me Delivers Two GRAMMY® Submissions Across Rock and Alternative Categories
• Kaplan Morrell and Attorney Jacqui Condon Selected to Represent Professional Women's Soccer Players in Workers' Compensation Matters
• ClearSight Therapeutics Receives NIH SBIR Phase I Award for Conjunctivitis and EKC Research
• Follow No One Entertainment Launches AI-Free Record Label & Global Broadcast Network
• Lunai Bioworks (N A S D A Q: LNAI) Takes Parkinson's Discovery to the Next Level With Exclusive Tanaist Agreement

"I am grateful for the financial and strategic support from our new investors that will allow OnKure to accelerate the discovery and development of a robust pipeline focused on epigenetic regulation, delaying resistance and synthetic lethality" commented Tony Piscopio, Ph.D., Co-founder, President and Chief Executive Officer of OnKure. "Similar to the value accreting strategy we used at Array BioPharma in terms of discovering and developing best in class kinase inhibitors, OnKure is applying this rationale to HDAC inhibitors – a field in long need of quality molecules and a focused development strategy."

"OnKure has assembled a senior management team with a proven track record in drug discovery and development that has ultimately delivered better outcomes for cancer patients" commented Isaac Manke, Ph.D., Partner at Acorn Bioventures. "We are excited to partner with this team of industry veterans as they advance OnKure's best-in class HDAC inhibitor OKI-179 in the clinic and expand its discovery capabilities."

More on Colorado Desk

• Revenue Optics Names Prat Patibandla Director of Growth Marketing
• Independent Autopsies Are Changing Civil Cases: Kansas City Forensic Explains Why Families Are Seeking Second Opinions
• JEGS Launches Transformed Digital Commerce Platform Powered by PhaseZero
• Subject matter experts: Present your ideas at IISE Annual Conference 2027 in Louisville
• Cummings Graduate Institute Celebrates New Doctor of Behavioral Health Graduates

"We are pleased to join other investors in supporting the accomplished leadership team at OnKure as they build a pipeline of innovative medicines directed toward significant patient needs in oncology" added Andrew Phillips, Ph.D., Managing Director at Cormorant Asset Management.

Solebury Capital served as financial advisor to OnKure for the offering.

About OnKure

OnKure, Inc. is a biopharmaceutical company focused on the discovery and development of targeted small molecule drugs to improve the outcomes of patients afflicted with cancer. OnKure's drug candidates aim to treat patients through restoration of the epigenetic landscape, delaying resistance to other targeted therapies and exploiting synthetic lethalities. OnKure's most advanced candidate, OKI-179, a potent and selective Class I HDAC inhibitor, is moving into Phase 2 studies in targeted populations. For more information about OnKure, please visit www.onkuretherapeutics.com.

---

Show All News | Disclaimer | Report Violation