IFM Therapeutics, LLC Launches Subsidiary, IFM Tre, with $31 Million Series A Financing to Develop NLRP3 Antagonists for Inflammatory Diseases
Bristol-Myers Squibb Company (BMY)
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Source: PR Newswire
BOSTON, July 19, 2018 /PRNewswire/ -- IFM Therapeutics, LLC (IFM), a privately held biopharmaceutical company focused on developing therapies that modulate novel targets in the innate immune system, today announced the launch of IFM Tre, a subsidiary company developing a suite of different NLRP3 antagonists that can potentially block the inflammatory responses underlying a variety of serious diseases. The Company also announced the completion of a $31 million Series A financing round for IFM Tre, with participation from Atlas Venture, Abingworth, Bristol-Myers Squibb and IFM's management. IFM Tre will focus exclusively on NLRP3, while work on other programs exploring different pathways within the innate immune system will continue in other subsidiaries within the unified IFM umbrella. "Our NLRP3 antagonist programs are exciting for their potential to bring safer and more effective treatments to patients suffering from diseases caused by inappropriate inflammatio
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