Metabolics biotech secures humble Series A from big-name investors
Lipidio Pharmaceuticals launched right before Covid-19 took the world by storm, initially focusing on metabolic indications such as NASH, Prader-Willi Syndrome and anti-psychotic drug-induced weight gain.
More than 2.5 years later, the biotech has added dermatology to that list and secured some of the industry’s most well-known investors for a Series A extension round.
Lipidio announced on Thursday morning that it has raised more than $20 million. It also secured three former biotech chiefs as new investors: Tanox founder and ex-CEO Nancy Chang, Allergan veteran Brent Saunders and founding Alnylam CEO John Maraganore, who seems to be everywhere these days after leaving his post at the RNAi giant.
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