Terremoto wins $108m in Series C to drive cancer and rare disease programmes

Pharmaceutical Technology
2026.04.16 09:39
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Terremoto Biosciences has raised $108 million in a Series C financing round to advance its AKT-1 selective inhibitors for cancer and rare diseases. The funding, sourced from investors including Novo Holdings and OrbiMed, will support early clinical development, focusing on hormone receptor-positive breast cancer and hereditary hemorrhagic telangiectasia (HHT). Terremoto's lead asset, TER-2031, is currently in a Phase I trial for solid tumors with specific mutations. The company aims to provide a more tolerable treatment option compared to existing AKT inhibitors, which can cause significant side effects.