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Anji Pharma Secures $70 Million To Deploy Dynamic Equity And Further Build A Global Medicines Company

Sep 28, 2021•almost 4 years ago

Amount Raised

$70 Million

CambridgeHealth Care

Description

Anji Pharma (“Anji”), an emerging global medicines company, today announced the close of a $70 million Series B financing round to seed its oncology pipeline and continue global trials of its two late-stage clinical programs in metabolic disorders. The Series B round was solely invested by CR Capital, a leading cross-border venture capital firm with a growing life science investment footprint in North America.

Company Information

Company

Anji Pharma

Location

Cambridge, Maryland, United States

About

Anji Pharma is a clinical-stage company dedicated to bringing life-changing therapies to patients across the globe. Anji’s asset-centric business model allows for speed and flexibility in building value, leveraging a clinical and regulatory core that operates with “hub-and-spoke" efficiency. Anji’s clinical pipeline includes gut-targeted metformin (ANJ900 in Phase 3) intended for glucose management in patients with type 2 diabetes and advanced chronic kidney disease, as well as pradigastat (ANJ908 in Phase 2) for treatment of functional constipation. For more info, visit www.anjipharma.com. For legal matters, Anji is advised by Foley Hoag LLP, a seasoned team deeply rooted in the Boston-area entrepreneurial ecosystem. Anji’s capital markets, business development, and investor relations are managed by Locust Walk, a global life science transaction firm that uniquely integrates strategy consulting and investment banking to provide actionable strategic advice and deal and capital markets execution.

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