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Drug Discovery

Akero debuts with $65 million to tackle NASH

by Lisa M. Jarvis
June 30, 2018 | A version of this story appeared in Volume 96, Issue 27
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Akero Therapeutics has launched with $65 million in its first formal round of financing to tackle nonalcoholic steatohepatitis, a disease marked by accumulation of fat and scarring on the liver. The cash will support the clinical development of ARK-001, a long-acting fibroblast growth factor 21 analog licensed from Amgen. Akero is the latest in a crop of well-funded biotech firms focused on NASH, for which there is no treatment, despite affecting an estimated 16 million Americans.

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