On August 16, 2022, Orna Therapeutics, a biotechnology company pioneering a new investigational class of engineered circular therapies, announced that it secured $221 million in a Series B funding round with contributions from Merck, with whom Orna entered into a collaboration agreement, and founding investors MPM Capital and BioImpact Capital. The financing will enable Orna to continue development of its circular lipid nanoparticle delivery platform and expand the reach of current RNA therapeutics.
The team representing Orna in its Series B financing was led by Rosemary G. Reilly, Rebecca Nauta, Jenna Ventorino, Nick Andreacchi, Meghan Walsh and Bill Caporizzo.