Metacrine Secures $50 Million Growth Capital Facility from K2 HealthVentures

September 18, 2019

Metacrine, Inc., a clinical-stage biotechnology company focused on building an innovative pipeline of best-in-class drugs to treat liver and gastrointestinal (GI) diseases, today announced it has entered into a loan and security agreement for up to $50 million with K2 HealthVentures (K2HV), a healthcare-focused specialty finance company.

“This financing bolsters our capital position and flexibility as we enter a period of accelerated activity around the advancement of our best-in-class FXR agonists for treating non-alcoholic steatohepatitis (NASH) and inflammatory bowel disease,” said Ken Song, Chief Executive Officer of Metacrine. “We chose to partner with K2HV because they are an experienced team of healthcare investment professionals who appreciate our desire to strategically deploy capital for clinical development as well as opportunistically expand our pipeline.”

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