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Could Start-Up Adagio’s COVID-19 Antibody Have A Fighting Chance?

 
• By Alaric DeArment

The company announced a $336m series C round, six months after it raised an $80m series B, to support development of an easily administered treatment ADG20.

Antibodies immunoglobulins attacking coronavirus covid-19 influenza virus cell, 3D immune system medical illustration background. Corona virus 2019-ncov sars cell, igm. Coronavirus sars-cov-2 disease
Adagio announced that it had raised a $336m series C funding round for its coronavirus therapeutics • Source: Shutterstock

Adagio Therapeutics, Inc. is pushing its way into an increasingly crowded and narrow space for COVID-19 therapeutics, with plans for rapid development of ADG20, an intramuscular monoclonal antibody designed to keep patients from progressing to severe disease.

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