PT

Padlock Therapeutics

Acquired

Cambridge, United States · Founded 2014 · $23.0M raised

Founded
2014
Business Model
B2B
Total Funding
$23.0M
Last Round
$23.0M Series ADec 2014
Rounds
1
Acquired by
Bristol-Myers Squibb CompanyMar 2016 · $35.0M

About

Padlock Therapeutics was a Cambridge, Massachusetts-based biotechnology company founded in 2014 to develop novel small-molecule and biologic medicines targeting protein arginine deiminase (PAD) enzymes implicated in autoimmune diseases such as rheumatoid arthritis and lupus. The company was acquired by Bristol-Myers Squibb in April 2016 for up to $600 million, expanding BMS's autoimmune disease pipeline.

Summary

Padlock Therapeutics is a Biotech company based in Cambridge, United States, founded in 2014. It has raised $23.0M in total across 1 round, most recently a $23.0M Series A round in Dec 2014. Investors include Bristol Myers Squibb and Atlas Venture.

Funding History

AcquisitionMar 2016

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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.

Investors

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