Ajax Therapeutics de-stealths with $95 million Series C financing
USA-based biotech Ajax Therapeutics today announced the completion of an oversubscribed $95 million Series C financing, led by Goldman Sachs with participation from new investors, including Eli Lilly (NYSE: LLY), and existing investors.
The company also announced it has received US Food and Drug Administration (FDA) clearance of its investigational new drug (IND) application for lead candidate AJ1-11095, a first-in-class Type II JAK2 inhibitor myelofibrosis.
With the FDA clearance of its IND, Ajax noted that AJ1-11095 will be the first Type II JAK2 Inhibitor to enter the clinic – with a Phase I study in myelofibrosis planned to begin in 2H 2024.
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