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Alchemab Therapeutics: Alchemab raises £60M ($82M) in Series A financing to advance novel platform for identifying disease-modifying antibody therapeutics

Alchemab Therapeutics: Alchemab raises £60M ($82M) in Series A financing to advance novel platform for identifying disease-modifying antibody therapeutics
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Alchemab completes £60m Series A funding to advance novel antibody platform

Alchemab completes £60m Series A funding to advance novel antibody platform 15th April 2021 Cambridge, UK-based Alchemab Therapeutics has raised £60m ($82m) in a Series A funding round, in a bid to advance its target-agnostic drug discovery platform. The firm announced that the round was led by RA Capital Management, with participation from Lightstone Ventures, Data Collective VC, DHVC, SV Health Investors and the Dementia Discovery Fund. The funding will be used to advance Alchemab’s novel platform, designed to identify disease-modifying antibody therapeutics, the company said in a statement. The novel platform interrogates the entire antibody repertoires of individuals from well-defined groups, to identify unexpected resistance to disease despite genetic disposition or other risk factors increasing the likelihood of a poor prognosis.

Alchemab Therapeutics Raises £60M in Series A Financing

Alchemab Therapeutics Raises £60M in Series A Financing Alchemab Therapeutics, a Cambridge, England, UK-based biotech company developing novel products for patients with diseases by harnessing naturally protective antibodies, completed a £60m ($82m) Series A financing round. The round was led by RA Capital Management, with participation from Lightstone Ventures, Data Collective VC (DCVC), DHVC, SV Health Investors and the Dementia Discovery Fund. The company, which was created by SV Health Investors who led the Seed round in 2019, intends to use the advance its target-agnostic drug discovery platform. Founded in 2019 and led by Alex Leech, CEO, and Dr Jane Osbourn OBE, CSO, Alchemab has developed a platform which enables the identification of novel drug targets and therapeutics on the basis of patient B-cell antibody repertoires. The platform uses defined patient samples and a range of functional and advanced analytical techniques to evaluate convergent protective antibody re

Alchemab Raises $82 Million to Advance Antibody Therapeutics in Neurodegeneration and Cancer

Alchemab Raises $82 Million to Advance Antibody Therapeutics in Neurodegeneration and Cancer Share Rare Daily Staff Alchemab Therapeutics, a biotech company developing novel products for patients with hard-to-treat diseases by harnessing the power of naturally protective antibodies, said it closed an $82 million (£60 million) series A financing round. RA Capital Management led the financing, with participation by an international syndicate that included Lightstone Ventures, Data Collective VC (DCVC), DHVC, SV Health Investors, and the Dementia Discovery Fund. The company was created by SV Health Investors who led the seed round in 2019. The proceeds will be used to advance Alchemab’s target-agnostic drug discovery platform. The approach interrogates the entire antibody repertoires of individuals from well-defined groups who show unexpected resistance to disease despite genetic disposition or other risk factors predicative of a poor prognosis. Using insights ga

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