Borealis Biosciences Expands Leadership and Series A Funding

Borealis Biosciences Expands Leadership and Series A Funding

Borealis Biosciences, a pioneering RNA medicines company, has taken an impressive step forward by appointing Christian Hordo as the new CEO. This exciting announcement comes alongside their successful expansion of Series A financing, now totaling an impressive $30 million, led by Westlake BioPartners. Additionally, Borealis has strengthened its board by welcoming three new directors: David Allison, Ph.D., Tom Frohlich, and Catherine Thut, Ph.D.

The Vision Behind Borealis

Borealis was established on a solid foundation of scientific innovation, aiming to leverage breakthroughs in RNA therapeutics to tackle significant unmet needs faced by patients suffering from kidney diseases. By emerging recently from stealth mode, the company has already secured $150 million through combined Series A financing from founding investor Versant Ventures and Novartis AG. Adding to this, they benefited from further strategic research collaboration funding.

Strong Financial Backing and Future Prospects

With the recent Series A expansion, Borealis now boasts a robust capital total of $180 million. This financial backing empowers the company to propel its research and development initiatives forward, unlocking the potential for groundbreaking solutions in RNA therapies.

Welcoming a New CEO

Christian Hordo has expressed enthusiasm about leading such a distinguished team in the pursuit of innovative RNA therapies specifically aimed at kidney diseases. He stated, “I’m honored to lead this world-class team in developing RNA therapies for kidney disease.” His confidence in the company stems from their strategic clarity, strong team dynamics, and well-established financial position, which he believes places Borealis in a strong position to emerge as a leader in its industry.

Experience of Christian Hordo

Before joining Borealis, Mr. Hordo served as Executive Vice President and Chief Business Officer at Sana Biotechnology, where he contributed significantly to multiple strategic and operational functions as part of the founding executive team. His previous roles included leading business development and a myeloma program at Juno Therapeutics, and he has held various positions of increasing responsibility at Genentech. With an impressive educational background that includes an MBA from Harvard Business School, an MSc in Medical Genetics, and undergraduate studies in Psychology, he brings a wealth of knowledge to Borealis.

Strategic Board Appointments

Borealis has further strengthened its leadership with the appointments of David Allison, Ph.D., Tom Frohlich, and Catherine Thut, Ph.D. Dr. Allison, managing director at Westlake, stated his excitement about extending precision medicine to renal disease, showcasing the promising frontier that Borealis is stepping into. These appointments signal a commitment to enhancing the company’s strategic direction and vision.

About New Board Member Tom Frohlich

Mr. Frohlich leads Jade Biosciences and brings over two decades of experience in business strategy and product development. His previous role as COO of Chinook Therapeutics, a company acquired by Novartis for $3.2 billion, underscores his successful track record in the biotech field.

About New Board Member Catherine Thut

Dr. Thut currently heads the Therapeutic Area Strategy at Novartis, contributing nearly 25 years of diverse experience in pharma and biotech. Her expertise spans research, business development, portfolio strategy, and executive leadership, making her a valuable addition to Borealis’ strategic vision.

About Borealis Biosciences

Borealis is buoyed by significant backing from founding investors such as Versant Ventures and Novartis. The company operates from a modern 23,000 square foot research facility in Vancouver, which is outfitted with cutting-edge laboratories for molecular and cellular biology, chemistry, DMPK, and pharmacology. This environment fosters a team of over 25 experienced professionals dedicated to developing RNA therapeutics targeting kidney disease and other critical health challenges.

Frequently Asked Questions

What recent leadership change occurred at Borealis Biosciences?

Borealis Biosciences appointed Christian Hordo as the new CEO, enhancing its leadership team.

How much funding did Borealis Biosciences secure in their latest financing round?

The company expanded its Series A funding by $30 million, bringing the total to $180 million.

Who are the new members of Borealis' board?

The new board members include David Allison, Ph.D., Tom Frohlich, and Catherine Thut, Ph.D.

What is Borealis Biosciences focused on developing?

Borealis is focused on developing RNA therapies specifically targeting kidney diseases.

Where is Borealis Biosciences' research facility located?

The research facility is located in Vancouver and features state-of-the-art laboratories for various scientific disciplines.

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