AsclepiX Therapeutics, Inc. has announced that it has secured a $10 million Series A-3 financing.
The round was led by Perceptive Advisors with participation from the existing investors Hibiscus Capital Management Fund II and Rapha Capital Management, LLC and its managed fund, Rapha Capital Management, LLC PE Life Sciences Fund VI, in addition to a new outside investor.
The lead clinical candidate, integrin regulating peptide AXT107 (gersizangitide), has a novel mechanism of action that inhibits neovascularization, reduces vascular permeability, and suppresses vascular inflammation. In a microparticulate suspension, AXT107 may be capable of maintaining sustained biological activity with one injection well beyond current standard of care.
https://bit.ly/3rH7VZw
Biotech Business Development Executive
1moSee you there!