Anokion, a Lausanne, Switzerland-based clinical-stage biotechnology corporate, raised $35M in Fairness investment.
The spherical was once led by means of Pfizer Leap forward Enlargement Initiative. At the side of the investment, Michael Vincent, M.D., Ph.D., senior vp and leader clinical officer, Irritation & Immunology, Pfizer, joined the corporate’s clinical advisory board, which can be introduced later this 12 months, and Allison Kean, M.D., government director, International Industry Building, Pfizer joined Anokion’s board of administrators as an observer.
One by one, Anokion and Pfizer have entered into an settlement to leverage Pfizer’s building experience and functions in enhance of the continuing medical building of KAN-101, Anokion’s lead candidate for the remedy of people with celiac illness.
The corporate intends to make use of a portion of the proceeds to fund its Segment 2 medical program of KAN-101 for the remedy of people with celiac illness, a significant autoimmune dysfunction prompted by means of ingestion of gluten, for which there are not any licensed healing therapies to be had.
Led by means of Deborah Geraghty, Ph.D., CEO, Anokion SA is a clinical-stage biotechnology corporate keen on each prevalent and uncommon autoimmune sicknesses, together with celiac illness, more than one sclerosis and kind 1 diabetes. Its way leverages the corporate’s immune-based platform, which goals herbal pathways within the liver to revive immune tolerance and deal with the underlying explanation for autoimmune illness.
The corporate has an administrative center in Cambridge, MA.
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