Apellis Pharmaceuticals raises another $60 million to fund autoimmune program

11 August 2017

Privately-held Apellis Pharmaceuticals, a biotech company based in Kentucky, USA, has closed a financing round aimed at raising $60 million to further clinical development.

The company says the money will be used to initiate Phase III trials in paroxysmal nocturnal hemoglobinuria (PNH), a rare, chronic, life-threatening blood disorder, as well as to advance development in other indications.

Apellis is focused on developing treatments for autoimmune diseases based on ‘complement immunotherapy’. The company’s lead candidate APL-2 is a synthetic cyclic peptide, a kind of protein.

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