Tech Company Financing Transactions

Sparrow Pharmaceuticals Funding Round

Forbion Capital Partners, RA Capital Management and OrbiMed participated in a $95 million Series B capital raise for Sparrow Pharmaceuticals. The round was announced on 9/24/2025.

Transaction Overview

Announced On
9/24/2025
Transaction Type
Venture Equity
Amount
$95,000,000
Round
Series B
Proceeds Purpose
The company intends to use the funds to support development of its lead candidate clofutriben for the treatment of type 2 diabetes (T2D) with elevated cortisol (EC).

Company Information

Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
920 SW 6th Ave. 1200
Portland, OR 97204
USA
Email Address
Overview
Sparrow Pharmaceuticals is an emerging clinical-stage biopharmaceutical company developing novel, targeted therapies for disorders of corticosteroid excess. We are developing novel therapies to address the key limitations of treatments for endogenous Cushing's syndrome (Cushing's), autonomous cortisol secretion (ACS), and polymyalgia rheumatica (PMR).
Profile
Sparrow Pharmaceuticals LinkedIn Company Profile
Social Media
Sparrow Pharmaceuticals Company Twitter Account
Company News
Sparrow Pharmaceuticals News
Facebook
Sparrow Pharmaceuticals on Facebook
YouTube
Sparrow Pharmaceuticals on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Robert Jacks
  Robert Jacks LinkedIn Profile  Robert Jacks Twitter Account  Robert Jacks News  Robert Jacks on Facebook
Chief Scientific Officer
David Katz
  David Katz LinkedIn Profile  David Katz Twitter Account  David Katz News  David Katz on Facebook
Vice President
Jeffrey Drajesk
  Jeffrey Drajesk LinkedIn Profile  Jeffrey Drajesk Twitter Account  Jeffrey Drajesk News  Jeffrey Drajesk on Facebook


 

 

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