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Caldera Therapeutics erupts with $112.5M and a China-originated IBD bispecific

After selling Morphic Therapeutic to Eli Lilly for $3.2 billion, Praveen Tipirneni is back a year and a half later with a new biotech working in Morphic’s old wheelhouse of inflammatory bowel disease.

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After selling Morphic Therapeutic to Eli Lilly for $3.2 billion, Praveen Tipirneni is back a year and a half later with a new biotech working in Morphic’s old wheelhouse of inflammatory bowel disease.

Caldera Therapeutics emerged from stealth Wednesday with a total of $112.5 million in funding for a bispecific licensed from the Chinese biotech Qyuns Therapeutics.

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