BICYCLE THERAPEUTICS CLOSES £40 MILLION ($52 MILLION) IN SERIES B FINANCING TO ADVANCE CLINICAL PIPELINE

Bicycle Therapeutics, a biotechnology company pioneering a new class of therapeutics based on its proprietary bicyclic peptide (Bicycle®) product platform, today announced the successful completion of a £40 million Series B financing round. Proceeds will be used to further the development of multiple drug candidates, including Bicycle’s lead molecule, BT1718, a first-in-class drug for cancers of high unmet need.

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