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Axial Therapeutics, Inc. announced it raised $27.4 Million in an amended filing from an offering of $37.8 Million

Oct 25, 2021about 4 years ago

Amount Raised

$27.4 Million

WoburnBiotechnologyHealth Care

Company Information

Company

Axial Therapeutics

Location

400 TRADECENTER DRIVE, SUITE 6990

Woburn, Massachusetts, United States

About

Axial Therapeutics is a clinical-stage biopharmaceutical company dedicated to improving the lives of people with neurological diseases. The company is the scientific leader in the biological role of the microbiome gut-brain axis and its influence on the central nervous system. Harnessing its unique expertise in the microbiome, Axial is developing small molecule drugs with defined mechanisms of action that act on new targets to mitigate the impact of metabolites and bacteria in the gut linked to neurological disease pathology, progression, and symptoms. The company is advancing a pipeline of microbiome-inspired therapeutics for diseases with significant unmet patient need, including autism and Parkinson’s disease, and is also pursuing pre-clinical discovery of gut-targeted therapies in oncology. Axial’s lead product candidate is AB-2004, a molecular therapeutic in Phase 2 clinical trials for the treatment of irritability in children with autism.

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