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Business

Relay raises $400 million to wrangle protein motion

by Lisa M. Jarvis
January 7, 2019 | A version of this story appeared in Volume 97, Issue 1
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Relay Therapeutics, which aims to take down difficult cancer drug targets by combining computational methods with emerging lab tools, has raised a whopping $400 million in its third formal financing round. The privately held company says it is the biggest series C in biotech industry history. Relay plans to use the money to build its computational tools, expand its workforce from 70 people to 100, and put compounds in the clinic.

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