Antifungal specialist raises $81 million in series B round

17 June 2024

Elion Therapeutics, a biotechnology company focusing on invasive fungal infections, has announced the successful closing of an $81 million series B funding round.

Deerfield Management and the AMR Action Fund led the funding for the company, which used to be known as Sfunga Therapeutics, with additional support from Illinois Ventures.

Elion's lead clinical-stage candidate, SF001, is a next-generation polyene antifungal currently in a multiple-ascending dose study after completing a first-in-human single-ascending dose study.

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