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Investment

Allergy company closes series B

by Shi En Kim
February 10, 2023 | A version of this story appeared in Volume 101, Issue 6
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IgGenix has raised $40 million in a series B funding round and says it will use the money to advance its lead peanut allergy program to Phase 1 trials. The company aims to discover and develop monoclonal antibodies that can prevent the cascades of allergic reactions from a suite of environmental and food triggers such as dust, shellfish, and eggs. Investors in this financing round include Alexandria Venture Investments and Eli Lilly and Company.

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