31 July 2019 | News
Funding will be used to advance its current programs in hypoparathyroidism and severe insulin resistance into clinical development
Alizé Pharma 3, a company specialized in developing therapeutic peptides for rare endocrine and metabolic diseases has completed a €67 million Series A financing round. The oversubscribed Series A was led byLSP, and included Novo Ventures, Kurma Partners, Orbimed, Pontifax, Partners Innovation Fund and Innobio 2 (managed by Bpifrance). Existing shareholders, Sham Innovation Santé/Turenne Capital, Crédit Agricole Création and TAB Consulting also participated in the financing.
The new capital will be used primarily to advance the company’s product portfolio in rare endocrine and metabolic diseases, and to further strengthen it with selective acquisitions. Currently, the portfolio is comprised of two preclinical programs expected to reach clinicalstage in 2020:
Alizé Pharma 3 will expand its team in Lyon, France, and will open a subsidiary in Boston, Massachusetts, in order to implement global drug development capabilities.