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Laekna Therapeutics raises $61 Million in series D financing
Laekna Therapeutics, which is developing an AKT kinase inhibitor afuresertib and a CYP17/CYP11B2 dual inhibitor, said it closed a $61 million Series D round to accelerate the clinical development of these two drug candidates.
Laekna obtained the global exclusive licenses of from Novartis. It is an
The company's most advanced clinical trial is an open-label, randomized, multi-regional phase II PROFECTA-II clinical trial of afuresertib, the world's first registration-directed clinical trial of an AKT kinase inhibitor to treat platinum-resistant ovarian cancer.
Laekna also licensed in the CYP17A/CYP11B2 dual inhibitor, LAE001, from Novartis. It is in phase II study in prostate cancer.
The company has 14 innovative drug candidates and has initiated six clinical programs, three of which are multi-regional clinical trials.
SCGC led the company's $61 Series C financing in October 2020, after GP Healthcare Capital and OrbiMed Healthcare Fund Management led the Series B and Series A financing rounds, respectively.
By Elise Mak
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