First-in-class AML drug backed by $20 million from Alta Partners
A $20 million series A fundraise will propel Edgewood Oncology out of stealth mode and through early stage research for BTX-A51.
The therapy is being assessed as an option for acute myeloid leukemia (AML), alongside another candidate in the start-up’s pipeline, a precision breast cancer medicine.
Edgewood is working on novel treatments for people with blood cancer and genetically-defined solid tumors, and is backed by Alta Partners, an American venture capital firm which invests in healthcare companies across the development continuum.
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