OnKure, Inc. successfully completed its equity offering, placing $600,000 with two investors. This is the second US private placement done by the company since 2011. This brings to $1.1 million the estimated amount raised via privately placed non-brokered equity issuance.
OnKure is commercializing a new cancer therapy based on novel, less-toxic kinase inhibitor drugs. The company is tightly linked to the Peak family its main financial backer. Kenneth “Ken” Peak an oil & gas tycoon and founder of Contango Oil & Gas Co. was chairman until he passed away following a battle with brain cancer. His wife Donna, a biochemistry Ph.D., is part of the company’s executive team.
The company, headquartered in Longmont CO, was founded in April 2011 by Anthony D. Piscopio (CEO) and Xuedong Liu.