IFM Therapeutics
Boston, United States · Founded 2015 · $82.5M raised
- Headquarters
- Boston, Massachusetts
- Employees
- 11–50
- Founded
- 2015
- Business Model
- B2B
- Website
- ifmthera.com
- Total Funding
- $82.5M
- Last Round
- $55.5M Series BDec 2019
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
IFM Therapeutics is a Boston, Massachusetts-based biopharmaceutical company dedicated to improving the lives of patients with cancer and inflammatory diseases by developing transformative medicines that target the innate immune system. Founded in October 2015 by Gary Glick and scientific co-founders from the University of Michigan and Germany, IFM pioneered drug discovery around key innate immune nodes including NLRP3 and STING. The original company (IFM Uno) was acquired by Bristol Myers Squibb in 2017 for $300M upfront; the autoimmune programs were spun out as IFM Therapeutics LLC, which subsequently launched IFM Tre (sold to Novartis in 2019 for $1.575B) and IFM Due (sold to Novartis in 2024 for $835M), demonstrating a serial value-creation model in innate immunology.
Summary
IFM Therapeutics is a Biotech company based in Boston, United States, founded in 2015. It has raised $82.5M in total across 2 rounds, most recently a $55.5M Series B round in Dec 2019. Investors include Abingworth Bioventures, Atlas Venture and Omega Funds.
Tech & App Stack
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Funding History
Dec 2019
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Funding: Series A through Series B. Amounts, valuations, and investors where available.
Investors
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