$130 million private fundraise for South Dakotan biotech SAB

10 October 2023

USA-based immunotherapy specialist SAB Biotherapeutics (Nasdaq: SABS) has raised $130 million in a private share placement.

The company has a proprietary platform which it is using to develop fully human immunoglobulins to treat and prevent immune and autoimmune disorders.

Lead asset SAB-142, which targets type 1 diabetes (T1D), is designed to delay onset and potentially prevent disease progression.

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