other material
confidence high
sentiment neutral
materiality 0.65
Black Diamond Therapeutics spins out Launchpad Therapeutics with $30M Series A from Versant and NEA
Black Diamond Therapeutics, Inc.
- Spinout of Launchpad, an antibody-focused precision oncology company; $30M Series A led by Versant Ventures and NEA.
- Black Diamond contributed undisclosed early-stage antibody programs and licensed its MAP Drug Discovery Engine to Launchpad.
- Black Diamond received 9.0 million shares of Launchpad common stock (minority stake) for the contributed assets and license.
- Black Diamond will continue focus on BDTX-1535, BDTX-4933, and small molecule pipeline while retaining upside via equity stake.
- Launchpad will use the MAP Engine for large molecule discovery and development of novel antibody therapeutics.