Anokion raises $40 million and acquires US biotech startup

Please login or
register
13.09.2019
lab research

Anokion is a Swiss biotechnology company focusing on treating autoimmune disease by restoring normal immune tolerance. The transformative transactions position the company for the next stage of growth as multiple programs advance toward clinical development.

The Kanyos acquisition adds KAN-101 to the portfolio, an antigen-specific treatment for celiac disease currently in late preclinical development, with an investigational new drug (IND) application expected to be filed with the FDA by the end of 2019. Originally founded in collaboration with Anokion in 2015, Kanyos leveraged the Anokion platform to rapidly progress KAN-101 into IND-enabling studies. Together with Anokion’s lead product ANK-780, an antigen-specific treatment for multiple sclerosis, the Company anticipates having two programs in clinical development within the next 12 months.

To continue advancing its pipeline, Anokion completed a $40 million Series B financing with Versant Ventures, Novartis Venture Fund, Novo Ventures and select Swiss-based private investors. Celgene, which has an existing collaboration with Anokion to develop novel, immune-modulating programs for autoimmune diseases, also participated in the Series B. Anokion has now secured more than $160 million in equity and partner capital.

“Since our founding, Anokion has developed and consolidated significant insights and applications for treating both prevalent and rare autoimmune diseases, with an initial focus on people affected by celiac disease and multiple sclerosis,” said John A. Hohneker, M.D., president and chief executive officer of Anokion. “Using our immune-based platform, we have elucidated new ways to target and modulate natural pathways in the liver to restore normal immune tolerance, and we are translating this knowledge into disease-modifying treatments designed to deliver a long-lasting impact.”

Laura Brass, Ph.D., a managing director at Novartis Venture Fund, also joined Anokion’s board of directors. In addition, Anokion further strengthened its management team with the appointment of Raj Manchanda, Ph.D., as chief technical operations officer and the promotion of Deborah Geraghty, Ph.D., to chief operating officer.

“The progress of our ground-breaking science, substantial support from existing investors and a strong team affirms the success we have achieved to date and reflects the continued interest in immune tolerance and its potential to address compelling unmet needs for people affected by autoimmune diseases,” said Dr. Hohneker.

(Press release)

0Comments

More news about

Anokion SA

Company profiles on startup.ch

Anokion SA

rss