Held by 3 specialist biotech funds
High Convergence**Signal Note: RTW Investments enters LRMR** RTW Investments' $11.9M initiation in Larimar suggests conviction in seribantumab (MM-121), a HER3/EGFR inhibitor in development for NRG1 fusion-positive cancers—a genetically-defined subset with limited treatment options and potential for rapid clinical validation.
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# Signal Note: Deerfield Initiates $116.6M Position in Larimar Therapeutics Deerfield's substantial new stake in LRMR signals conviction in seribantumab, a fibroblast growth factor receptor (FGFR) inhibitor in development for achondroplasia, the most common form of dwarfism. The timing aligns with anticipated regulatory catalysts: LRMR completed a Phase 3 study in achondroplasia and is advancing toward potential FDA submissions, representing a rare orphan indication with clear clinical endpoints. This represents a meaningful validation from a tier-1 healthcare investor ahead of what could be transformational newsflow for the company.
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