Fox Serves as Corporate Counsel to MOBILion Systems Inc. in $60 Million Series C Financing to Expand Commercial Activities and Accelerate Product Development
Fox Rothschild attorneys Michael S. Harrington, Terrence M. Kerwin and Christine E. Land served as corporate counsel to MOBILion Systems, Inc., a Pennsylvania-based life science company, which raised $60 million in a Series C financing.
The round was led by D1 Capital Partners with the remaining funds contributed by existing investors aMoon, Agilent Technologies (NYSE:A), IP Group, Hostplus and Cultivation Capital.
The funding comes on the heels of the recent launch of MOBILion’s first commercial High-Resolution Ion Mobility product, MOBIE™, which provides faster, easier and more complete analysis of multiple critical quality assays to accelerate biotherapeutic drug development and significantly enhance protein characterization capabilities that affect product quality, safety and efficacy. Proceeds will be used to scale the commercialization of MOBIE™ to deliver improved biologic therapeutic characterization to the broader biopharma industry and advance product development for expansion into bioprocessing and multiomic biomarker discovery markets.
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