Takeda driving new venture to tackle liver diseases

8 August 2018

A new biotech company launched on Wednesday with a $60 million Series A financing funded by Third Rock Ventures and Takeda (TYO: 4502).

At the same time, Ambys Medicines announced a strategic partnership with the Japanese pharma major to bring total committed funding at launch to $140 million.

Ambys is pioneering the application of novel modalities, including cell and gene therapy and gain-of-function drug therapy, to meet the urgent need for treatments that restore liver function and prevent the progression to liver failure across multiple liver diseases that are untreatable or poorly treated today.

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