Alchemab Therapeutics raised an undisclosed amount in Series A extension financing, led by Ono Venture Investment along with existing investors. The funding will advance ATLX-2847 into clinical development.
LillyOno Venture InvestmentRA CapitalSV Health InvestorsDCVC BioLightstone Ventures
Description
Alchemab Therapeutics, a London-based biopharmaceutical company, raised an undisclosed amount in Series A extension funding. The company intends to use the funds to advance ATLX-2847, a program for muscle atrophy, into clinical development. Backers included Ono Venture Investment and existing investors RA Capital, SV Health Investors, DCVC Bio, and Lightstone Ventures. The total amount raised to date is $114M.
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Company Information
Company
Alchemab Therapeutics
Location
London, England, United Kingdom
About
Alchemab is harnessing the naturally protective power of patient antibodies to keep people free of hard-to-treat disease in a unique and transformative approach to drug discovery and development.
Alchemab takes an unbiased and function-first approach using three complementary processes and cutting-edge technologies to identify naturally protective antibodies.
Alchemab’s engine is enabled through collaborations with patient representative groups and biobanks around the world with whom we partner to further our understanding of disease.
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LondonBiotechnologyHealth CareTherapeuticsPharmaceutical