USA – HBM Alpha Therapeutics, a Cambridge, MA-based biotechnology company incubated by Harbour BioMed (HKEX: 02142), raised a Seed funding round of undisclosed amount.
The company intends to use the funds to advance its leading programs, novel antibody therapies to treat congenital adrenal hyperplasia and polycystic ovary syndrome, with the lead candidate currently in IND-enabling stage.HBM Alpha Therapeutics is a company presently developing antibody therapeutics aimed at the rare genetic disease congenital adrenal hyperplasia (CAH) and polycystic ovary syndrome (PCOS). Its therapeutics could also be indicated for other endocrinological diseases related to the dysregulation and function of the hypothalamus-pituitary-adrenal (HPA) axis.HBMAT was founded on the expertise of Harbour BioMed’s antibody discovery and development capabilities, and expertise in the molecular pathogenesis and treatment of endocrine disorders of HBMAT’s Scientific Founder Dr. Joseph Majzoub, Professor of Pediatrics and Medicine at Boston Children’s Hospital. HBMAT has licensed relevant technologies from Boston Children’s Hospital. Dr. Majzoub chairs the Scientific Advisory Board for HBMAT and is a shareholder of the company. At present, HBMAT’s Scientific Advisory Board comprises Dr. Majzoub, Dr. Frank Grosveld, Co-founder and CSO of Harbour Antibodies and the inventor of Harbour Mice®, and Dr. Ieuan Hughes, a paediatric endocrinologist and an emeritus professor of paediatrics at the University of Cambridge.26/01/2023
