Apim Therapeutics gets new funding
Trondheim – Norway-based APIM Therapeutics AS has received a follow-up investment from Sarsia Seed, one of its previous investors. APIM focusses on novel drug candidates that potentiate the action of current chemotherapeutics to treat cancers. The company’s lead candidate ATX-101 targets the Proliferating Cell Nuclear Antigen (PCNA), which seems to be involved in the regulation of cellular responses to DNA damage and stress. ATX-101 showed potential activity as a single agent in blood cancer and solid tumours. The six-digit financing tranche is earmarked for use in the acceleration of the development of ATX-101. According to APIM-CEO Konstantinos Alevizopoulos, the substance could potentially be used to treat several types of cancer.