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Obesity treatment developer Kailera Therapeutics raises $400 million

By Thomson Reuters Oct 1, 2024 | 6:08 AM

(Reuters) -Obesity treatment developer Kailera Therapeutics said on Tuesday it had raised $400 million in a funding round.

Investment firms Atlas Venture, Bain Capital Life Sciences and RTW Investments co-led the round. Lyra Capital also participated, Kailera said.

The company is developing several injectable and oral therapies for weight management, it said.

(Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar)