Alphyn Biologics has filed a notice of an exempt offering of securities to raise $5,172,484.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Alphyn Biologics is raising up to $5,172,484.00 in new funding. Sources indicate that as part of senior management Chairman and Chief Executive Officer, Neal Koller played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Alphyn Biologics
Alphyn Biologics, Inc. (Alphyn) is creating and leading the new class of drugs known as Multi-target Therapeutics, leveraging its unique, patent-pending AB-101 platform biomaterial to develop improved therapies for diseases, in particular for those with poor or no treatment options. Alphyns AB-101 has over 40 bio-active compounds to target and cure diseases. AB-101, as a result of its many bioactive compounds, targets multiple diseases, and, has multiple ways to attack each disease providing Alphyn a rich and deep product pipeline. AB-101 first product, EC1 to treat Atopic Dermatitis, solves one of the largest medical challenges to humankind Atopic Dermatitis, including drug resistant infections. EC1 is actively moving to the Phase 2 clinical trial. Alphyns management team, boards and commercial partners are highly experienced and successful in life science early stage and large companies. Alphyns AB-101 started with Dr. Pekoes work as team lead for the development and FDA approval of Bactroban (generic name mupirocin). In the years following, Dr Pekoe continued his interest and research in skin diseases. It was in this work that Dr. Pekoe identified and began testing AB-101, finally bringing a team together to create Alphyn Biologics for development of a new class of drugs, Multi-target Therapeutics, using AB-101 to create powerful new drugs for disease with no or less than optimal treatments.
To learn more about Alphyn Biologics, visit http://alphynbiologics.com/
Contact:
Neal Koller, Chairman and Chief Executive Officer
443-994-0101
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