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Series B brings in $45.5mm for Akero

Executive Summary

Akero Therapeutics Inc. raised $45.5mm through a Series B round led by Janus Henderson Investors, which was joined by other first-time backers Redmile Group, Boxer Capital of Tavistock Group, Cormorant Asset Management, BVF Partners, Rock Springs Capital, and LifeSci Venture Partners, and returning shareholders Apple Tree Partners, Atlas Venture, venBio Partners, and Versant Ventures. According to the Form D filing, 20 investors participated. The company will use the proceeds to move its lead program AKR001 (licensed from Amgen in June) through Phase II trials for nonalcoholic steatohepatitis, to scale manufacturing, and expand its metabolic disease pipeline.
Deal Industry
  • Biotechnology
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Venture Financing

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