Borealis Biosciences Appoints Christian Hordo as CEO and Expands Series A Financing [Yahoo! Finance]
Novartis AG (NVS)
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Source: Yahoo! Finance
--Addition of three new board members -- VANCOUVER, British Columbia & SEATTLE, December 19, 2024 BUSINESS WIRE )--Borealis Biosciences, a next-generation RNA medicines company, today announced the appointment of Christian Hordo as CEO; a $30 million infusion from an extension of the Series A led by Westlake BioPartners; and the addition of three new board directors, David Allison, Ph.D., Tom Frohlich and Catherine Thut, Ph.D. Borealis was founded on the premise that a convergence of scientific and translational breakthroughs can enable RNA therapeutics to address major unmet needs for patients with kidney diseases. In August, the company emerged from stealth with $150 million in combined Series A financing from founding investor Versant Ventures and Novartis AG, as well as committed strategic research collaboration funding from the pharma. With the Series A expansion, the company now has $180 million of capital to advance its programs. "On behalf of the board, I am delighted
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