Ra Capital Executives Buy Bicara Therapeutics Shares for $32.99m
Ra Capital Management, a life sciences investment firm, has purchased Bicara Therapeutics shares worth $32.99 million.
The transaction was made on January 11th, 2023, and involved the purchase of 1,750,000 shares at a price of $18.85 per share.
Ra Capital Management is a leading investor in the life sciences sector, with a focus on biotechnology and medical technology companies.
The firm has a long history of investing in early-stage companies and has a proven track record of success.
Bicara Therapeutics is a clinical-stage biopharmaceutical company that is developing novel therapies for the treatment of cancer and other serious diseases.
The company's lead product candidate, BIC201, is a small molecule inhibitor of the BET bromodomain protein, which is involved in the regulation of gene expression.
BIC201 is currently in Phase 2 clinical trials for the treatment of hematologic malignancies, including acute myeloid leukemia and myelodysplastic syndromes.
The purchase of Bicara Therapeutics shares by Ra Capital Management is a significant investment in the company and its potential.
The investment is a strong endorsement of Bicara Therapeutics' science and its clinical development program.
It is also a sign of confidence in the company's management team and its ability to execute on its business plan.
The investment by Ra Capital Management is a positive development for Bicara Therapeutics and its shareholders.
The investment provides the company with additional financial resources to support its clinical development program and to advance its pipeline of novel therapies.
The investment is also likely to attract additional investors to the company, which could further support its growth.
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