$133 million raised for Phase III kidney disease research
Dutch kidney specialist AM-Pharma has raised 116 million euros ($133 million) from a European syndicate of new and existing investors.
The firm is working on a treatment for acute kidney injury (AKI), using an innovative recombinant human Alkaline Phosphatase therapeutic (recAP) platform.
The new money will be used to conduct a Phase III trial of recAP in 1,400 patients with sepsis-associated acute kidney injury (SA-AKI). The therapy was awarded Fast Track designation by the US Food and Drug Administration in 2016.
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