Bluejay Therapeutics raises $41 million in Series B round to drive clinical trials in chronic hepatitis
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Tuesday, August 16, 2022
SAN MATEO, Calif., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Bluejay Therapeutics announced today that it has closed a $41 million Series B round of finance led by Arkin Bio Ventures.
Key Points:
- SAN MATEO, Calif., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Bluejay Therapeutics announced today that it has closed a $41 million Series B round of finance led by Arkin Bio Ventures.
- It will also fund development of BJT-574, an orally bioavailable small molecule HBsAg inhibitor, into first-in-human clinical trials.
- The companys first target indication is chronic Hepatitis B, which remains a worldwide prevalent disease with urgent unmet medical need.
- The company believes that by reducing hepatitis B surface antigen and restoring adaptive immunity a functional cure could be achieved for patients.