From project to funded biotech company
KDventures helped build AnaCardio, strengthened the organisation with, among other things, a CEO and medical expertise, and took part in the extensive negotiations around the licence agreement with Helsinn.
KDventures then brought in external investors to finance the clinical development. AnaCardio has since attracted several leading Nordic and international life science investors through a Series A of SEK 150 million and a subsequent financing of approximately SEK 205 million.
The Phase 1b/2a clinical study with AC01 has subsequently shown a favourable safety profile and positive signals on heart function and structure in patients with heart failure with reduced ejection fraction. The results provide clinical proof of concept for the treatment principle and support continued development towards Phase 2b.
AnaCardio thus illustrates KDventures’ entire investment model – from academic research and company formation to international financing and clinical validation.