OnKure raises $150M in PIPE; plans IND filings for PI3Kα pan-mutant inhibitors in H1 2027
OnKure Therapeutics, Inc.
- Private placement of ~26.7M shares at $4.15 and ~9.4M pre-funded warrants; gross proceeds ~$150M.
- Proceeds to fund development of PI3Kα pan-mutant inhibitors OKI-345 (breast cancer) and OKI-355 (vascular anomalies).
- IND submissions for OKI-345 and OKI-355 planned for H1 2027; no further independent development of OKI-219.
- Dr. Liam Ratcliffe appointed to board effective at closing, designated by lead investor AI Biotechnology.
- Officers/directors and company subject to 180-day lock-up (or until registration effective) on share issuance/sales.