Meningitis Vaccine Developer Lands $110M In Funding Round

Law360 (March 26, 2020, 7:16 PM EDT) -- A biopharmaceutical company developing a vaccine to prevent infections such as meningitis and pneumonia said Thursday it had closed on a $110 million funding round.

Foster City, Calif.-based SutroVax said its Series D preferred stock financing was co-led by new backers RA Capital Management and Janus Henderson Investors and included current investors such as TPG Growth, Abingworth LLP and Frazier Healthcare Partners.

“Our primary mission is to deliver the best and most broadly protective vaccines to prevent pneumonia in adults and children,” Grant Pickering, SutroVax's founder and CEO, said in a statement.

The pneumococcal vaccine class is the largest in the...

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