Dragonfly Therapeutics Completes New Investment Round

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Mar 19, 2020, 09:00 ET

A new round of investment will allow Dragonfly to further accelerate development of its novel innate immune system and Natural Killer cell-based immunotherapies into the clinic.

WALTHAM, Mass., March 19, 2020 /PRNewswire/ -- Dragonfly Therapeutics, Inc. ("Dragonfly" or the "Company") today announced that Fidelity Management & Research Company ("Fidelity") has led a new round of investment in Dragonfly, along with other major investors. This brings total equity funding plus partnership capital in the Company to over $300 million thus far, with potential future milestones of over $10 billion plus ongoing royalties.

"This investment round strengthens Dragonfly's capacity to advance our internal pipeline of drug candidates deep into the clinic," said Bill Haney, co-founder and CEO of Dragonfly Therapeutics. "We are delighted that investors see our transition to a clinical-stage company last year as a strong foundation from which to advance a series of our internal drugs for patients, even as we expand our work making drug candidates for our Pharma Collaborators."

About Dragonfly
Dragonfly Therapeutics is a clinical-stage biopharmaceutical company committed to discovering, developing and commercializing therapies that use its novel TriNKET™ technology to harness the body's innate immune system to bring breakthrough disease treatments to patients.

For more information visit:
www.dragonflytx.com
https://www.linkedin.com/company/dragonfly-therapeutics-inc
https://twitter.com/dragonflytx

DRAGONFLY MEDIA CONTACT:
Anne Deconinck | [email protected]

SOURCE Dragonfly Therapeutics, Inc.