Amphista clambers to $53m series B

Mar 18, 2021 • Thierry Heles

Eli Lilly and Novartis Venture Fund participated in a round that will support the progress of Amphista's protein degradation drug candidates toward clinical trials.

Amphista Therapeutics, a UK-based oncology therapy developer spun out of University of Dundee, closed a $53m series B round yesterday featuring pharmaceutical firms Eli Lilly and Novartis.

The round was co-led by venture capital firm Forbion and healthcare investment firm Gilde Healthcare and also featured medical technology accelerator BioMotiv and VC firm Advent Life Sciences, while Novartis took part through its Novartis Venture Fund.

Founded in 2017, Amphista is working on treatments that tap into the body’s natural processes to…

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