FinTechFunding

ADARx Pharmaceuticals: Raises $46M in Series B-1 Financing

ADARx Pharmaceuticals Raises $46M in Series B-1 Financing

  • ADARx Pharmaceuticals, a San Diego, CA-based clinical stage biotechnology company developing RNA-targeting therapeutics, raised $46M in Series B-1 funding
  • The round was led by Ascenta Capital with participation from OrbiMed Advisors, SR One Capital Management, Lilly Asia Ventures, and Sirona Capital
  • In conjunction with this financing, Dr. Lorence Kim of Ascenta Capital has joined the Company’s Board of Directors
  • The company intends to use the funds to advance its proprietary RNA targeting platform
  • Led by CEO and President Dr. Zhen Li, ADARx is a clinical stage biotechnology company
  • The company is developing a proprietary RNA targeting platform, including oligonucleotides for inhibition, degradation, and editing
Previous article
PlasmaBound: Raises €3.1M in Funding During 2022
Next article
Alloy Capital: Raises US$100M Secured Credit Facility from Victory Park Capital
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Talos and Nasdaq Strengthen On-Chain and Off-Chain Collateral Workflow

New partnership enhances digital asset handling and collateral management.Highlights: Talos and Nasdaq collaborate to streamline collateral workflows.Partnership aims...
FinTech

FCA Restricts Use of Sensitive Data in AI Trial with Palantir

Regulatory concerns arise over data handling protocols in AI trials.Highlights: FCA criticized for using sensitive data in AI...
FinTech

Bank of Ireland Strengthens AI Readiness for Staff Training

New initiatives prepare employees for an AI-driven banking landscape.Highlights: Bank of Ireland launches AI training initiatives for staff.Employees...
FinTech

MAS Develops AI Risk Management Toolkit to Strengthen Financial Sector

New toolkit aims to enhance risk management within Singapore's finance industry.Highlights: MAS launches an AI Risk Management Toolkit...