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Alchemab Therapeutics Announces Largest Ever Life Sciences Investment From British Business Bank to Advance AI-Enabled Clinical Pipeline of Next Generation Human-Derived Antibodies

Private Markets & VentureHealthcare & BiotechCompany Fundamentals

Alchemab Therapeutics secured £25m (=$34m) from the British Business Bank, described as the Bank’s largest investment in a life sciences company to date. The funding is a positive financing milestone, supporting biotech development prospects though it is unlikely to have broad market impact.

Analysis

Alchemab Therapeutics secured £25m (=$34m) from the British Business Bank, described as the Bank’s largest investment in a life sciences company to date. The funding is a positive financing milestone, supporting biotech development prospects though it is unlikely to have broad market impact.

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