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AdipoPharma: Raises Series A Funding | Fintech InShorts: Latest fintech news, analysis by experts

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AdipoPharma: Raises Series A Funding

By Steve Sam

January 22, 2023

AdipoPharma Raises Series A Funding

AdipoPharma, a Strasbourg, France-based biotech company developing a novel and promising type 2 diabetes drug, raised an undisclosed amount in Series A funding
The round was led by Newton Biocapital II, joined by Good Growth Capital of Charleston, SC
The company intends to use the funds to accelerate growth and its development efforts
The company expects to enter clinical trials later this year with a drug that represents the first, therapeutic breakthrough for type 2 diabetes treatment in more than a decade
The company will open a U.S. office in Pittsburgh as it prepares for clinical trials later this year

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