āshibio - armed with $40 million - targets success with ex-Gilead antibody
California-based āshibio, a privately-held biotech developing therapeutics for bone and connective tissue disorders, has exited stealth mode today with $40 million in seed and Series A financing.
The company was founded in 2022 by chief executive Pankaj Bhargava - the former Oncology Therapeutic Area Head at Gilead Sciences (Nasdaq: GILD) - and the team at MPM BioImpact, where Dr Bhargava is also an entrepreneur partner.
MPM BioImpact led the Series A round, with contributing funds from Agent Capital, YK Bioventures, and Mirae Asset Venture Investment.
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