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Stock impact report

Flagship Pioneering Expands Growth Capabilities, Announces Capital Raise of $824MM

Denali Therapeutics Inc. (DNLI) 
Last denali therapeutics inc. earnings: 8/6 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.denalitherapeutics.com
Company Research Source: PR Newswire
CAMBRIDGE, Mass., March 20, 2019 /PRNewswire/ -- Flagship Pioneering, a unique life sciences innovation enterprise, announced it has secured $824 million in a new capital pool to support the growth of human health and sustainability companies originated by its Flagship Labs unit. The new capital pool will operate alongside more than $700 million in capital raised in late 2017 and 2018 that currently finances Flagship's in-house innovation and company origination activities.   "With each year of company origination, as we have honed our pioneering approach, we have steadily increased our capacity to launch transformative ventures," said Noubar Afeyan, Ph.D., Founder and Chief Executive Officer of Flagship Pioneering. "Our new fund will complement our origination capabilities with new capital to grow platform companies more rapidly. With a team of executives deeply experienced in conceiving, creating, building and resourcing new ventures, Flagship Pioneering possesses a unique model tha Show less Read more
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