Series A for AdipoPharma to advance drug for 'root cause of type 2 diabetes'

23 January 2023

A French biotech company claiming to have the first drug that treats the root cause of type 2 diabetes has completed a Series A funding round.

AdipoPharma expects to enter clinical trials later this year with its drug, PATAS, which treats insulin resistance rather than the symptoms of type 2 diabetes, as most medicines for the disease do.

"The first drug specifically targeting insulin resistance in adipocytes"Newton Biocapital II, a venture capital firm focused on investing and growing early-stage life sciences companies in Europe and Japan that target chronic health conditions, led the Series A investment.

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