SpringWorks completes $125 million Series B

SpringWorks Therapeutics reports the closing of a $125
million Series B preferred stock financing led by Perceptive Advisors.

Proceeds from the financing will be used to advance the Company’s two late-stage rare disease oncology programs towards potential regulatory approval and commercialization: nirogacestat, a gamma secretase inhibitor for the treatment of desmoid tumors, and PD0325901, a MEK inhibitor for the treatment of neurofibromatosis type 1-associated plexiform neurofibromas.

The proceeds will also support the continued expansion of the Company’s emerging targeted oncology programs, as well as future in-licensing opportunities and clinical collaborations in rare diseases and cancer.