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Annexon, Inc. secures a strategic credit facility of up to $200 million from Oxford Finance to strengthen its financial capabilities for global commercialization.

PUBLIC · ANNXJul 30, 202610 days ago

Amount Raised

$50 Million

Round Type

Debt Financing

South San FranciscoBiotechnology

Investors

Oxford Finance Llc

Description

Annexon, Inc. has entered into a strategic credit facility agreement with Oxford Finance for up to $200 million. The initial draw of $50 million will support the company's growth strategy for its neuroinflammatory disease treatments. The facility is designed to diversify Annexon's capital structure with non-dilutive funding

Company Information

Company

Annexon

Location

180 Kimball Way Suite 200

South San Francisco, California, United States

About

Annexon (Nasdaq: ANNX) is a clinical-stage biopharmaceutical company developing a new class of complement medicines for patients with classical complement-mediated autoimmune, neurodegenerative, and ophthalmic disorders of the body, brain, and eye. The company’s pipeline is based on its platform technology addressing a broad spectrum of well-researched classical complement-mediated autoimmune and neurodegenerative diseases triggered by aberrant activation of C1q, the initiating molecule of the classical complement pathway. Annexon is advancing a portfolio of innovative product candidates designed to block the activity of C1q and the entire classical complement pathway: ANX005 (intravenous administration), ANX007 (intravitreal administration), and ANX009 (subcutaneous administration). Annexon is deploying a disciplined, biomarker-driven strategy designed to improve the probability of technical success of its portfolio.

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