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Annexon Announces $130 Million Private Placement Financing

PUBLIC · ANNXJul 08, 2022

Amount Raised

$130 Million

Round Type

Post-IPO Equity

BrisbaneBiotechnology

Description

Annexon, Inc. (Nasdaq: ANNX), a clinical-stage biopharmaceutical company developing a new class of complement medicines for patients with classical complement-mediated autoimmune, neurodegenerative and ophthalmic disorders, today announced that it has entered into a securities purchase agreement for a private placement that is expected to result in gross proceeds of approximately $130 million, before deducting placement agent fees and other expenses. The private placement was led by Redmile Group, LLC, with participation by Adage Capital Partners LP, Bain Capital Life Sciences, Driehaus Capital Management, Fairmount, Satter Medical Technology Partners and Venrock Healthcare Capital Partners.

Quick answer

Annexon raised $130 Million in a Post-IPO Equity round, dated July 8, 2022. Annexon is based in Brisbane, California, United States.

How much did Annexon raise?
Annexon raised $130 Million in a Post-IPO Equity round on July 8, 2022.
What does Annexon do?
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..
Where is Annexon based and how big is it?
Annexon is based in Brisbane, California, United States. Fundz records about 119 employees.
Who are the decision-makers at Annexon?
Fundz holds 1 contact at Annexon, including the Executive Officer. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Biotechnology around the same time

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

  • Adastra raised an undisclosed amount on August 22, 2022.
  • Fennec Pharmaceuticals raised $5M on August 22, 2022.
  • Porton Advanced Solutions raised an undisclosed amount (Series B) on August 22, 2022.
  • Avelos Therapeutics raised an undisclosed amount (Series A) on August 22, 2022.
  • Ubie raised $26M (Series C) on August 22, 2022.
  • Rose Therapeutics raised $650K (Seed) on August 22, 2022.

Who to call at Annexon, and when

A new round usually means Annexon is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Annexon

Location

1400 Sierra Point Parkway

Brisbane, 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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Related People

1 contact
Verified contactsMichael O., Executive OfficerSee plans and pricing
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Annexon 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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