Ledger & Lore
← Back to the archive

Infinity Pharmaceuticals

BiotechUSAClosed 2023

Total Raised

Undisclosed

Peak Valuation

Undisclosed

Employees

Year Collapsed

2023

Business model

Clinical-stage biopharmaceutical developing cancer drug candidates targeting the tumor microenvironment.

In brief

A nearly two-decade-old cancer drug developer that had negotiated a merger with MEI Pharma expected to bring in $100 million — funding projected to last until 2025 for its three cancer drug candidates. When MEI's own shareholders failed to approve the deal, the rescue funding eva…

See the What Happened tab for the full account.

Key facts

Founded
2001
Closed
2023
Headquarters
Cambridge, USA
Industry
Biotech
Employees
Revenue
Undisclosed

Related failures

Often compared with: Bristol Myers Squibb, Merck Oncology.