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  • ‘We’re moving quickly’: Startup bags rare disease drug as Thiel-backed CEO eyes $50M fundraise

‘We’re moving quickly’: Startup bags rare disease drug as Thiel-backed CEO eyes $50M fundraise

  • July 21, 2026

A rare disease startup with a mission to repurpose proven drugs has licensed a Chinese formulation of a well-known medicine and set its sights on a $50 million fundraise.

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