Axial goes with its gut in $19m series A

Dec 2, 2016 • Nicole Idar

The Caltech spinout has raised funds from investors including Heritage Medical Systems to develop treatments for neurological diseases.

US-based biopharmaceutical company Axial Biotherapeutics spun out of the Mazmanian Laboratory at California Institute of Technology (Caltech) on Wednesday with a $19.2m series A round featuring healthcare provider Heritage Medical Systems.

Investment managers Longwood Fund and Domain Associates led the round, joining venture capital firm Kairos Ventures and a group of high-net-worth individuals based in Southern California.

Axial was established to capitalise on Sarkis Mazmanian’s research, which examines the link between the human gut microbiome – genes in the trillions…

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