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Arbutus Biopharma Corp announced it raised $15 Million in an initial filing from an offering of $15 Million

PUBLIC · AVBPDec 30, 2021

Amount Raised

$15 Million

Round Type

Venture

WarminsterBiotechnologyHealthcareHealth CareTherapeuticsPharmaceuticalBiopharma

Company Information

Company

Arbutus

Location

18 CAMPUS BLVD.

Warminster, Pennsylvania, United States

About

Arbutus Biopharma Corporation (Nasdaq: ABUS) is a clinical-stage biopharmaceutical company leveraging its extensive virology expertise to identify and develop novel therapeutics with distinct mechanisms of action, which can be combined to provide a functional cure for patients with chronic hepatitis B virus (cHBV). We believe the key to success in developing a functional cure involves suppressing HBV DNA, reducing surface antigen, and boosting HBV-specific immune responses. Our pipeline of internally developed, proprietary compounds includes an RNAi therapeutic, imdusiran (AB-729) and an oral PD-L1 inhibitor, AB-101. Imdusiran has generated meaningful clinical data demonstrating an impact on both surface antigen reduction and reawakening of the HBV-specific immune response. Imdusiran is currently in two Phase 2a combination clinical trials. AB-101 is currently being evaluated in a Phase 1a/1b clinical trial. Additionally, we have identified compounds in our internal PD-L1 portfolio that could also be used in oncology indications. For more information, visit www.arbutusbio.com.

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Arbutus 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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