Novo Holdings co-leads $181.4 million financing in Alentis

12 November 2024

Danish life sciences investor Novo Holdings is continuing the spread of its cash pile, this time as co-leader of a $181.4 million Series D financing in Alentis Therapeutics.

Alentis is a clinical-stage biotechnology company, headquartered in Basel, Switzerland, which is developing a pipeline of Claudin-1 (CLDN1) targeted medicines.

The new financing will enable Alentis to begin Phase I/II trials for two first-in-class ADCs: ALE.P02, which targets advanced or metastatic CLDN1+ squamous solid tumors with a tubulin inhibitor payload, and ALE.P03, which targets CLDN1+ tumors with a distinct topoisomerase I inhibitor payload.

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