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Transition Bio has filed a notice of an exempt offering of securities to raise $15,000,000.00 in New Debt Financing.

Transition Bio has filed a notice of an exempt offering of securities to raise $15,000,000.00 in New Debt Financing.

January 22, 2024 Craig Etkin

According to filings with the U.S. Securities and Exchange Commission, Transition Bio is raising $15,000,000.00 in new funding. Sources indicate that as part of senior management Co-Founder, Samuel Cohen played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Transition Bio
Transition Bio is developing one-of-a-kind technologies for biomolecular condensate analysis. Through our Condensomics platform, our goal is to build a drug discovery engine based on the latest advancements in biophysics and artificial intelligence. We harness droplet microfluidic approaches and cellular platforms to characterize condensates with unprecedented scale and precision, resulting in the mapping of condensates and their modulation, in molecular detail. Our proprietary datasets feed in to algorithms that we use for target discovery, target validation and drug design.

To learn more about Transition Bio, visit http://www.transitionbio.com/

Contact:
Samuel Cohen, Co-Founder
917-445-5573
https://www.linkedin.com/in/samuel-cohen-3b301816/

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.


Venture Capital
1120, Boston, Cambridge, intelligence360, Massachusetts, Transition Bio, Venture Capital

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