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Antibiotics

Antifungal developer Elion raises $81 million

by Rowan Walrath
June 24, 2024 | A version of this story appeared in Volume 102, Issue 19
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Elion Therapeutics, which rebranded from Sfunga Therapeutics in November, has raised $81 million in a funding round co-led by Deerfield Management and the antimicrobial resistance–focused AMR Action Fund to continue developing a novel polyene antifungal. The drug candidate is a version of the antifungal amphotericin B that chemists have restructured to make nontoxic without reducing its potency (Nature 2023, DOI: 10.1038/s41586-023-06710-4). The molecule is in Phase 1 clinical trials.

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