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Akamis Bio Announces $30 Million Financing, Provides Clinical Program Update And Relaunches With Name Change From Psioxus Therapeutics

PRIVATEJan 05, 2023

Amount Raised

$30 Million

Round Type

Funding Round

BiotechnologyHealth CareGeneticsTherapeutics

Investors

Westlake Village Bio PartnersARCH Venture Partners

Description

Akamis Bio (formerly PsiOxus Therapeutics), a clinical-stage oncology company leveraging its Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to positively impact the lives of people living with cancer, today announced a $30 million convertible note financing co-led by a group of leading US life science investors. In addition, the company provided a progress update on its clinical pipeline programs, NG-350A and NG-641, while announcing a relaunch of the company as Akamis Bio building upon its ongoing corporate transformation. In conjunction with the corporate name change, the company has launched a new website at www.akamisbio.com.

Quick answer

Akamis Bio raised $30 Million in a Funding Round round, dated January 5, 2023. Investors: Westlake Village Bio Partners and ARCH Venture Partners.

How much did Akamis Bio raise?
Akamis Bio raised $30 Million in a Funding Round round on January 5, 2023.
Who invested in Akamis Bio?
Westlake Village Bio Partners and ARCH Venture Partners are named as investors in this round.
What does Akamis Bio do?
Akamis Bio is a clinical-stage oncology company whose mission is to leverage its groundbreaking Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to positively impact the lives of people living with cancer.
Who are the decision-makers at Akamis Bio?
Fundz holds 1 contact at Akamis Bio. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Genetics and Therapeutics around the same time

Companies in the same sectors as Akamis Bio that raised within 45 days of this round, from Fundz verified event records.

  • Chroma Medicine raised $135M on February 8, 2023.
  • Solid Biosciences raised $9.2M on December 2, 2022.
  • iECURE raised $65M (Funding Round) on November 30, 2022.
  • Pathos AI raised $20M on February 17, 2023.
  • Alpha Cognition raised $1.8M (Seed) on February 16, 2023.
  • Disc raised $63M (Funding Round) on February 14, 2023.

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Company Information

Company

Akamis Bio

Location

Abingdon Science Park Barton Lane

About

Akamis Bio is a clinical-stage oncology company whose mission is to leverage its groundbreaking Tumor-Specific Immuno-Gene Therapy (T-SIGn®) platform to positively impact the lives of people living with cancer. To achieve that mission, the company is developing a portfolio of solid tumor-targeted T-SIGn® therapeutics which aim to enable a patient’s own immune system to recognize, attack, and clear their cancer. Akamis Bio has a growing pipeline of T-SIGn® therapeutics anchored by its two clinical-stage programs, NG-350A (an immuno-stimulatory tumor gene therapy driving intratumoral expression of a CD40 agonist monoclonal antibody) and NG-641 (a stromal-targeted tumor gene therapy leveraging a viral vector encoding a FAP-CD3 bispecific antibody, CXCL-9, CXCL-10 & interferon alpha). NG-350A and NG-641 are both being investigated in ongoing Phase 1 clinical studies in patients with metastatic or advanced epithelial tumors. In addition to internal pipeline development efforts, Akamis Bio has a number of T-SIGn® platform-focused collaborations with leaders in the immuno-oncology field including BMS, Merck, and the Parker Institute for Cancer Immunotherapy (PICI).

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Akamis Bio raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.