Mirum Pharmaceuticals Closes $120 Million Series A

Company also acquires rights to rare liver disease program from Shire

San Diego – November 21, 2018 – Cooley advised Mirum Pharmaceuticals on its $120 million Series A financing. Partners Jason Kent and Kay Chandler led the Cooley team advising Mirum.

New Enterprise Associates led the round, which also included participation by Deerfield Management, Frazier Healthcare Partners, Novo Holdings A/S, Pappas Capital, RiverVest Venture Partners and Rock Springs Capital.

The financing will support the development of Mirum’s lead drug candidate, maralixibat, for rare cholestatic liver diseases. In conjunction with the financing, Mirum has entered into an agreement with Shire for the exclusive global rights to develop and market maralixibat, as well as volixibat. Shire will receive an upfront payment, an equity position in Mirum and potential future milestone payments and royalties.

Mirum is a clinical-stage therapeutics company developing a novel approach for treating cholestatic liver diseases, with an immediate focus on rare pediatric conditions.

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Related Contacts
Jason Kent  Partner New York
Kay Chandler  Partner San Diego
Terren O'Connor  Associate San Diego