Low on cash and running out of runway , Leap Therapeutics has taken an unusual approach to financing its future.
The Cambridge biotech has secured $58.88 million in cash commitments for a private investment in public equity, or “ PIPE ,” offering led by Winklevoss Capital . The venture capital firm was founded by Cameron and Tyler Winklevoss, best known around Boston as the identical twins who co-founded HarvardConnection (renamed ConnectU) and sued Mark Zuckerberg for stealing their idea to build Facebook.
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