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BioLineRx accesses second tranche of $20 million under previously announced $40 million non-dilutive debt financing agreement with BlackRock

PUBLIC · BLRXApr 10, 2024

Amount Raised

$20

Round Type

Pre-Seed

Tel AvivBiotechnologyHealthcareHealth CareTherapeuticsBiopharmaresearch

Investors

Black Rock

Description

BioLineRx Ltd. has drawn-down the second tranche of $20 million under its previously announced $40 million non-dilutive debt financing agreement with funds and accounts managed by BlackRock. The proceeds will be used to further accelerate uptake of APHEXDA® in stem cell mobilization, life-cycle expansion activities in sickle cell disease, and motixafortide metastatic pancreatic cancer program.

Quick answer

BioLineRx Ltd raised $20 in a Pre-Seed round, dated April 10, 2024. Investors: Black Rock. BioLineRx Ltd is based in Tel Aviv, Tel Aviv District, Israel.

How much did BioLineRx Ltd raise?
BioLineRx Ltd raised $20 in a Pre-Seed round on April 10, 2024.
Who invested in BioLineRx Ltd?
Black Rock is named as investors in this round.
What does BioLineRx Ltd do?
BioLineRx is a commercial stage biopharmaceutical company pursuing life-changing therapies in oncology and rare diseases.
Where is BioLineRx Ltd based and how big is it?
BioLineRx Ltd is based in Tel Aviv, Tel Aviv District, Israel. Fundz records about 28 employees.
Who are the decision-makers at BioLineRx Ltd?
Fundz holds 1 contact at BioLineRx Ltd, including the Chief Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Healthcare and Therapeutics around the same time

Companies in the same sectors as BioLineRx Ltd that raised within 45 days of this round, from Fundz verified event records.

  • Context Therapeutics raised $100M on May 6, 2024.
  • AEON Biopharma raised $15M (Convertible Note) on March 21, 2024.
  • Crinetics Pharmaceuticals raised $350M on March 1, 2024.
  • Parabilis Medicines raised $145M (Series E) on March 1, 2024.
  • vTv Therapeutics Inc. raised $51M on February 27, 2024.
  • YGION Biomedical raised $16M (Series A) on May 21, 2024.

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Company Information

Company

BioLineRx Ltd

Location

2 HaMa'ayan Street

Tel Aviv, Tel Aviv District, Israel

About

BioLineRx is a commercial stage biopharmaceutical company pursuing life-changing therapies in oncology and rare diseases. The company's first approved product is APHEXDA® (motixafortide) with an indication in the U.S. for stem cell mobilization for autologous transplantation in multiple myeloma. BioLineRx is advancing a pipeline of investigational medicines for patients with sickle cell disease, pancreatic cancer, and other solid tumors. Headquartered in Israel, and with operations in the U.S., the company is driving innovative therapeutics with end-to-end expertise in development and commercialization, ensuring life-changing discoveries move beyond the bench to the bedside.

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Related People

1 contact
Verified contactsPhil, Chief Executive Officer hiddenSee plans and pricing
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