Axial Therapeutics, Inc. announced it raised $27.4 Million in an amended filing from an offering of $37.8 Million
Axial Therapeutics, Inc. announced it raised $27.4 Million in an amended filing from an offering of $37.8 Million
10/25/21, 10:18 AM
Location
Money raised
$27.4 million
Industry
biotechnology
health care
Company Info
Location
400 tradecenter drive, suite 6990
woburn, massachusetts, united states
Additional Info
Axial Therapeutics is a clinical-stage biopharmaceutical company dedicated to improving the lives of people with neurological diseases. The company is the scientific leader in the biological role of the microbiome gut-brain axis and its influence on the central nervous system. Harnessing its unique expertise in the microbiome, Axial is developing small molecule drugs with defined mechanisms of action that act on new targets to mitigate the impact of metabolites and bacteria in the gut linked to neurological disease pathology, progression, and symptoms. The company is advancing a pipeline of microbiome-inspired therapeutics for diseases with significant unmet patient need, including autism and Parkinson’s disease, and is also pursuing pre-clinical discovery of gut-targeted therapies in oncology. Axial’s lead product candidate is AB-2004, a molecular therapeutic in Phase 2 clinical trials for the treatment of irritability in children with autism.