Angiex Completes $3 million Series A Financing to Advance Its Vascular Approach to Cancer Therapy
CAMBRIDGE, MA. (July 28, 2017) – Angiex Inc. today announced that it has completed a $3 million Series A financing. The financing was led by Peter Thiel and included participation from Starling Ventures, WS Investments, and Wild Ventures. This funding brings the total capital raised by Angiex to $3.65 million since its founding in December 2015.
The new capital will enable Angiex to advance the preclinical development of its innovative vascular-targeted antibody-drug conjugate therapy for solid tumors.
“Angiex is very pleased that Peter Thiel and other savvy biotech investors have invested in our innovative approach to cancer therapy,” said Paul Jaminet, Ph.D., Angiex’s founder and CEO. “With this capital, we expect to meet key product milestones and maintain our progress toward the clinic. We couldn’t be more excited to welcome these investors on board.”
“Angiex is developing a radically new approach to cancer therapy,” said Dr. Harold Dvorak, Angiex founder and Chief Medical Officer and Mallinckrodt Distinguished Professor of Pathology Emeritus at Harvard Medical School. “Angiex’s approach simultaneously targets both tumor cells and tumor vessels. This comprehensive approach offers potential for efficacy against the most dangerous solid tumors.”
Angiex was founded by world-class scientists to develop vascular-targeted biotherapeutics. Angiex targets fundamental aspects of endothelial biology with a focus on angiogenesis. Angiex’s lead product is an antibody-drug conjugate therapy for cancer. Angiex is resident at LabCentral in Cambridge, Massachusetts.