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On September 8, 2021, ADARx Pharmaceuticals announced the completion of a US$75 million Series B financing
.
The funds from this round of financing will be used to advance ADARx's technology platform for targeting mRNA, including editing, inhibiting or degrading mRNA, and tissue-specific delivery technologies
ADARx is developing a proprietary platform targeting RNA
.
Using the RNA editing method of this technology platform, researchers can use existing intracellular mechanisms to precisely edit a base against the RNA sequence to develop stable and efficient precision therapies
In addition, ADARx has developed a liver delivery technology using the characteristics of N-acetylgalactosamine (GalNAc)
.
GalNAc is a sugar molecule that recognizes and binds to the cell surface asialoglycoprotein receptor (ASGPR), which is highly expressed in the liver, allowing the liver to ingest therapeutic drugs in a targeted manner
Reference materials:
[1] ADARx Raises $75 Million to Advance Growing Pipeline.