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Finance Watch: $135m In Venture Capital Will Fund Amylyx’s Late-Stage ALS Drug

Kriya, Adlai Nortye Also Closed VC Mega-Rounds

Executive Summary

Private Company Edition: Amylyx will use its new cash to run a Phase III trial and submit applications seeking EU and Canadian approvals of AMX0035, but US filing plans based on prior Phase II/III data are less clear. Also, three VC firms raised new funds targeting biopharma and other investments.

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After discussions with the US FDA, the company determined it can file AMX0035 based on Phase II/III results and interim Phase III data. Amylyx is sticking with its go-it-alone strategy for global commercialization.

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