Alchemab Therapeutics has initiated a Phase 1 first-in-human study of ATLX-1282, marking the first clinical candidate from their AI-enabled platform that identifies protective antibodies from disease-resilient individuals.
The company secured a $32 million Series A extension financing, bringing total Series A investment to $114 million, with participation from Eli Lilly, Ono Venture Investment, and existing investors.
ATLX-1282 was licensed to Eli Lilly in May 2025 under an exclusive global agreement, with Alchemab conducting the Phase 1 study and Lilly leading further development and commercialization.
The additional funding will advance ATLX-2847, a wholly-owned first-in-class program targeting the prostaglandin pathway for muscle atrophy, into clinical development.