Amphix Bio raises $12.5M seed round to advance peptide drug platform
Amphix Bio is developing a new class of peptide therapeutics for neurological injuries, neurodegenerative diseases, and musculoskeletal disorders. The company's Supramolecular Therapeutic Peptide (STP) platform uses assemblies of thousands of molecules that form nanostructures engineered to activate cell receptors more potently than standard drugs. The modular structure of STPs combines peptide modifications with a library of proprietary sequences to optimize properties of therapeutic candidates. The platform has evolved over more than two decades of research in the laboratory of Northwestern University professor
"We are proud to have assembled a group of experienced investors, including follow-on participation from all existing investors, who are confident in our approach and trajectory," said
The funding will allow the company to advance toward clinical trials following recent regulatory milestones for two products. Amphix Bio secured Orphan Drug Designation for AMFX-200, its lead neurological candidate, for the treatment of acute spinal cord injury (SCI). The team also completed a Type C meeting with the U.S. Food and Drug Administration (FDA), receiving constructive feedback on preclinical safety studies and clinical trial design. In addition, Amphix Bio's drug-device combination product for the treatment of degenerative disc disease, AMFX-100, received Breakthrough Device Designation from the FDA.
Advancement in the lead programs will enable development of the peptide platform technology and indication expansion to other diseases. Amphix Bio's pipeline includes programs for neurological and neuroinflammatory conditions including chronic SCI, ischemic stroke, Parkinson's disease, and amyotrophic lateral sclerosis (ALS).
About Amphix Bio
Amphix Bio spun out from Northwestern University in Chicago, IL in 2021. The company is developing a new platform technology, Supramolecular Therapeutic Peptides (STPs), that modifies immunological response and initiates regenerative processes to restore function lost from injury, disease, or aging. These therapies trigger targeted signaling pathways while forming scaffolds to support biological repair. Amphix Bio's goal is to increase human healthspan — the length of time that people can live productive, fulfilling lives.
Learn more at www.amphixbio.com, or contact us at [email protected].
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SOURCE Amphix Bio
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