Fundz

Bakx Raises $25 Million To Develop Therapeutics Targeting Pro-Apoptotic Proteins And Mitochondrial Apoptosis Pathway

PRIVATENov 18, 2021

Amount Raised

$25 Million

Round Type

Funding Round

BearsvilleBiotechnologyMobilePrivacy And Security

Description

BAKX Therapeutics today announced it closed $25 million in a Series A fundraising led by AB Magnitude Ventures Group with Ipsen Pharma SA and Sherpa Healthcare Partners. The new funding will enable the company to drive its BAKX Activator Program into the clinic in hematologic malignancies and solid tumors and to advance additional targets for solid tumors and prevention of resistance. The financing comes on the heels of the company’s recent announcement of a partnership comprising up to $852 million in upfront and potential milestone payments with Ipsen, a global biopharmaceutical company, to research, develop, manufacture and commercialize the company’s lead candidate, BKX-001, as a potential treatment for leukemia, lymphoma and solid tumors.

Quick answer

Bakx Therapeutics raised $25 Million in a Funding Round round, dated November 18, 2021. Bakx Therapeutics is based in Bearsville, New York, United States.

How much did Bakx Therapeutics raise?
Bakx Therapeutics raised $25 Million in a Funding Round round on November 18, 2021.
What does Bakx Therapeutics do?
BAKX Therapeutics is a New York and Boston based company focused on developing safer, more effective therapeutics that fully realize the potential of the mitochondrial apoptosis pathways.
Where is Bakx Therapeutics based and how big is it?
Bakx Therapeutics is based in Bearsville, New York, United States.

Source: Fundz verified event record.

Who else raised in Mobile and Privacy And Security around the same time

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

  • Tasso raised $100M (Series B) on December 16, 2021.
  • Device Authority raised $2.9M (Seed) on December 2, 2021.
  • Notabene raised $10M (Funding Round) on November 8, 2021.
  • DeepCure raised $40M (Series A) on November 8, 2021.
  • Contraline raised $11M (Series A) on October 20, 2021.
  • Immunoprofile raised $880K on December 31, 2021.

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Company Information

Company

Bakx Therapeutics

Location

Bearsville, New York, United States

About

BAKX Therapeutics is a New York and Boston based company focused on developing safer, more effective therapeutics that fully realize the potential of the mitochondrial apoptosis pathways. BAKX was co-founded by world leading researchers in the field of apoptosis and computationally aided drug discovery. The company’s leading asset BKX-001 (partnered with Ipsen) is focused on targeting the BAX protein. In addition, the BAKX platform is deployed towards drugging other undisclosed apoptosis targets implicated in various solid tumors and the build up of resistance. For more information, visit bakxtx.com.

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