Apellis Pharmaceuticals Inc., a company focused on autoimmune and inflammatory diseases, has reported that APL-2, its complement C3 inhibitor in development for geographic atrophy (GA) linked to age-related macular degeneration (AMD), has met its primary endpoint in a Phase II trial (FILLY). The company now plans to use recently raised funds to initiate a Phase III trial in late 2018, in addition to progressing other pipeline products.
Apellis was founded in 2009 and closed a $60m Series E preferred stock financing earlier this month