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Amplyx Raises $67m For Antifungals Against Life-Threatening Pathogens

 
• By Mandy Jackson

Investors were impressed by the company's broad-spectrum, IV and oral antifungal drug in a space where few treatment options exist; Phase II trials will start later this year.

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Amplyx Pharmaceuticals Inc., which just raised $67m in Series C venture capital, is developing an antifungal drug that hits on a lot of key metrics for biopharmaceutical investors while potentially meeting the need for new agents to treat very sick patients who happen to contract life-threatening infections.

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