Aspyrian Therapeutics Raises $40M in Series B Financing

Aspy+LogoAspyrian Therapeutics Inc., a San Diego, CA-based clinical stage drug development company, raised $40m in Series B financing.

Hiroshi Mikitani, the CEO of Rakuten, Inc., made the investment through his personal companies. Mikitani is also a Director of Aspyrian Therapeutics’ board.

The company intends to use the funds to accelerate clinical development efforts of the antibody conjugate RM-1929 towards approval and commercialization in recurrent head and neck cancer as well as other cancer areas.

Led by Miguel Garcia-Guzman, Ph.D., President and Chief Executive Officer, and Merrill Biel, M.D. Ph.D., Chief Medical Officer, Aspyrian Therapeutics develops a new class of precision targeted oncologic drugs for the treatment of solid tumors based on the Photoimmunotherapy platform licensed from the National Cancer Institute (NCI).



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