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Helsinn Investment Fund S.A, a fund focused on early-stage investment opportunities in areas of high unmet patient need, today announces that it has made a $2 million investment in Aadi Bioscience, Inc., U.S., a clinical stage biopharmaceutical company led by Dr. Neil Desai. The investment of $2 million was made by Helsinn Investment Fund as part of a series A financing round totaling $23 million. It will be used to support Aadi in the development of ABI-009, a nanoparticle albumin-bound mTOR inhibitor based on sirolimus (rapamycin). AADi's goal is to develop this molecule for rare diseases that are driven by mTOR activation or where the available mTOR inhibitors cannot effectively be exploited.
ABI-009 is currently being evaluated in a clinical trial for the treatment...
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