HOD HASHARON, Israel and LUXEMBOURG, July 3, 2024 — TIGI (TASE: TIGI), a provider of renewable heat generation and storage solutions and services with offices in Israel and Austria, is pleased to announce that it has entered into a partnership with Eren Groupe, a leading global player in energy transition. Eren will participate in a fundraising round to become a minority shareholder of TIGI and boost its growth. Furthermore, the two companies will set up dedicated platforms for developing, financing, and operating renewable heat projects via an innovative Heat-as-a-Service model, making clean energy accessible and affordable for industries globally. Up to 40M Euros will be made available for equity financing of projects providing capacity to finance projects valued at 100M Euros.

As the energy market transitions from natural gas to renewable energy, the heat sector has become a focal point, representing a large share of global energy demand. Recent developments, particularly in the wake of the war in Ukraine, have triggered an increased drive for transition away from fossil fuels. 

TIGI has recently completed the acquisition of Austrian-based SOLID, a leader in large-scale solar thermal heating systems. TIGI and SOLID installed over 250 systems in over 30 countries and cater to a variety of industries and geographies. Finalizing the agreement with Eren, a pioneer of renewable energies in Europe, creates a combined global partnership that spans technology leadership, global execution, and strong financial capacity. 

“We are pleased to be partnering with TIGI to jointly form a first-of-its-kind renewable heat project platform,” commented Yonatan Shek, Managing Director of Eren Groupe. “We believe that large-scale renewable thermal energy presents a considerable global opportunity that was previously underserved but has recently gained momentum. I believe that by joining all three companies’ expertise, technology, and know-how, we set the premise for the next important step of our journey to facilitate the energy transition and a route for further decarbonization.”

Zvika Klier, CEO of TIGI, states, “This marks the dawn of a pivotal journey for TIGI. We are excited to join forces with Eren to provide a platform for Heat-as-a-Service projects. This collaboration and the recent announcement with SOLID take us one step closer to being a renewable heat powerhouse, offering end-to-end solutions globally. With a tightly focused international team and projects spanning multiple continents, TIGI is set to make a significant impact on the global transition to clean energy.”

About TIGI

TIGI develops renewable heat generation and storage solutions and services, generating savings and reducing environmental impact. It supplies efficient systems that include its own patented and highly efficient solar thermal collectors, industrial heat pumps, smart storage, and cloud services. For more information, please visit www.tigisolar.com

About Eren Groupe

Over the past 20 years, Pâris Mouratoglou, David Corchia and their teams have significantly contributed to the expansion of new and renewable energy sources. They have executed projects with a combined capacity of more than 15 GW through ambitious and successful partnerships forged with major energy companies, notably EDF and TotalEnergies, as well as local businesses and entrepreneurs in over 40 countries. In recent years, Eren has been broadening the scope of its ambitions to become a key player in the energy transition and decarbonization. For more information: www.eren-groupe.com

For media inquiries, please contact:

TIGI
Noa Rozental
[email protected]

Eren Groupe
Brunswick Group
Sarah Levy-Quentin
[email protected]

• Dynata to fully emerge from the Chapter 11 Process in the coming days, eliminating 40% of its total debt
• Dynata to receive $50 million in exit financing – New Equity Owners have provided $81.5 million in total financing
• Dynata boasts an unrivalled approach to delivering the highest quality, reliable, accurate consumer insights data worldwide
• Dynata’s plan was court approved without the need for a formal confirmation hearing – which is a strong endorsement of the Company’s emergence plan

SHELTON, Conn., July 2, 2024 — Dynata, LLC (“Dynata” or the “Company”), the most trusted source for reliable, accurate first-party data —announced today that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company’s Financial Restructuring Plan. The confirmation hearing comes approximately five weeks after the Company’s prepackaged Chapter 11 filing.

Mike Petrullo, Chief Executive Officer of Dynata said, “I am delighted that we have achieved this significant milestone, marking another stride towards advancing our business transformation. I deeply appreciate the steadfast support of our lenders which has enabled us to achieve this outcome on an expedited basis. I am thankful to the Dynata team who have committed themselves to building a best-in-class brand and to all of our loyal clients. Looking ahead, we are eager to commence the second half of the year with a strengthened balance sheet, and an unrelenting focus on delivering the highest-quality, reliable, accurate consumer insights data and services for our clients.”

Dynata is renowned for having an unmatched commitment to data quality. In May, Dynata achieved further recognition by winning the overall 2024 I-COM Global Data Creativity Awards, securing first place in the Data Quality category.

Under the approved plan, Dynata reduced almost 40% of its total debt from approximately $1.3 billion to $780 million in exchange for the first and second lien holders to own 100% of the equity in the newly reorganized Company.

Willkie Farr & Gallagher LLP is serving as Dynata’s legal advisor in connection with the restructuring. Alvarez & Marsal North America, LLC serves as its restructuring advisor and Houlihan Lokey, Inc. serves as its investment banker.

Gibson, Dunn & Crutcher LLP is serving as lead counsel and PJT Partners LP is serving as investment banker to an ad hoc group of controlling first lien lenders in connection with the restructuring.

Vinson & Elkins LLP is serving as lead counsel and Lazard is serving as investment banker to an ad hoc group of controlling second lien lenders in connection with the restructuring.

About Dynata
Dynata is the world’s largest first-party data company for insights, activation and measurement. With a reach that encompasses 70 million consumers and business professionals globally, and an extensive library of individual profile attributes collected through surveys, Dynata is the cornerstone for precise, trustworthy quality data. The Company has built innovative data services and solutions around its robust first-party data offering to bring the voice of the customer to the entire marketing continuum — from uncovering insights to activating campaigns and measuring cross-channel marketing return on investment. Dynata serves more than 6,000 market research, media and advertising agencies, publishers, consulting and investment firms and corporate customers in North America, South America, Europe and Asia-Pacific. Learn more at www.dynata.com. 

SOURCE Dynata

SINGAPORE, July 2, 2024 — In support of a more efficient and user-friendly DeFi market, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in RedStone. RedStone is one of the fastest-growing modular oracles in 2024 that delivers diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, including Starknet, Fuel Network, and TON.

RedStone’s modular nature enables it to provide data feeds that are unavailable elsewhere, specializing in yield-bearing collateral for lending markets, especially LSTs and LRTs. Its modular pricing engine ensures the highest accuracy and relevance by consistently updating. Moreover, RedStone is chain-agnostic, meaning it can push data to numerous EVM and non-EVM ecosystems, rollups, and various app chains. This makes it an ideal partner for Rollup-as-a-Service providers and Eigenlayer AVSes. Currently, RedStone’s Total Value Secured (TVS) has grown to $4 billion, expanded to over 60 chains, and served more than 100 clients such as EtherFi, Pendle, Morpho and Ethena.

RedStone recently closed its $15 million Series A round, led by Arrington Capital. The funds will be used to expand the Marketing and Business Development divisions, fueling an extensive Q3/Q4 growth pipeline. RedStone is currently testing Oracle Extractable Value (OEV) implementation, scheduled for trial with customers in the coming months, and preparing for the launch of its native token later this year.

“RedStone is introducing an exciting advancement to DeFi with its modular design,” said Edward, Managing Partner at HTX Ventures. “DeFi users will benefit from new and precise data feeds, as well as push and pull data services. RedStone’s chain-agnostic feature allows it to provide services across various layers. At HTX Ventures, we are thrilled to witness new innovations within the oracle space and are eager to collaborate on building better infrastructure and tools for DeFi.”

Jakub Wojciechowski, CEO of RedStone Oracles, commented, “This Series A round gives us ample financial runway to broaden our suite of services while bringing reliable real-world data to a host of blockchain-based protocols. Sincere thanks to our investors and community for their fervent support, and believe me when I say – we are just getting started.”

RedStone is also preparing for the upcoming launch of Season 2 of RedStone Expedition – an interactive community engagement initiative giving participants the chance to accumulate RSG (RedStone Gems) points through a diverse array of activities. Interested parties can sign up here: RedStone Expedition.

About RedStone

RedStone is a modular oracle delivering diverse, high-frequency data feeds to EVM Layer1, Layer2, Rollup-as-a-Service networks, and beyond, i.e., Starknet, Fuel Network, or TON. By responding to market trends and developer needs, RedStone can support assets not available elsewhere. The modular design allows for data consumption models adjusted to specific use cases, i.e., capital-efficient LSTfi and early support of LRTs. Trusted by Pendle, Morpho, Venus, Ethena, ether.fi & more.

About HTX Ventures:

HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice.

HTX Ventures currently backs over 300 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Dragonfly, Bankless, Gitcoin, Figment, and Animoca. Visit us here.

Contact Details
EE
[email protected]

Company Website
https://www.htx.com/ventures 

SOURCE HTX

BOISE, Idaho, July 2, 2024 — BoldHue, the female-founded technology company revolutionizing the beauty-tech industry with its personalized foundation device, has successfully closed an oversubscribed seed round, raising nearly $5.2 million in funding to date. The round was led by Lucas Venture Group with participation from Capital Eleven, Backstage Capital, Tacoma Ventures, Mark Cuban, and Kevin Huvane.

Founded in 2020 by two-time entrepreneur Rachel Wilson and published scientist and former aerospace engineer for Raytheon, Karin Layton, BoldHue is poised to disrupt the beauty-tech industry. The funding milestone will allow the innovative and patented device, which dispenses a perfectly matched shade in minutes and has been dubbed the “Keurig for makeup” to begin shipping its first 10,000 units this fall to an eager waitlist of over 40,000. 

BoldHue is proud to be a female-founded company, drawing a meaningful parallel with Lucas Venture Group, a venture capital firm recognized for backing female entrepreneurs under the guidance of Managing Partner Sarah Lucas. “Supporting these trailblazing women from day one has been an absolute pleasure. Rachel and Karin have engineered the most elegant solution the beauty-tech industry has ever seen, setting a new standard for innovation and excellence. The ‘wow’ moment when people realize their perfect match foundation is delivered instantly is incredible!” said Lucas.

BoldHue initially raised nearly $2M between the company’s friends and family and pre-seed rounds, and this $3.37 million seed fundraise marks their first priced round. The newly raised capital will allow the company to ship their first round of kits, officially onboard their first round of key executive hires, and support marketing initiatives  — including a nationwide roadshow. The BoldHue ‘BoldCrew’ street team will visit major metropolitan areas to introduce their cutting-edge technology and product from coast to coast, focusing on building community ahead of the market launch.

“We’re incredibly grateful for the overwhelming support from our investors who share our vision for revolutionizing the beauty-tech industry. This funding milestone not only validates our technology but propels us forward in our mission to launch our personalized foundation device to all consumers and makeup enthusiasts alike. We are thrilled to be able to embark on the next phase of BoldHue’s journey,” said Rachel Wilson, Co-Founder and CEO of BoldHue.

About BoldHue:
BoldHue is a Boise-based technology company with a beauty vertical, known for its groundbreaking device that formulates foundation on-demand in the comfort of your home. Founded in 2020 by Rachel Wilson and Karin Layton, BoldHue aims to revolutionize the beauty industry by providing personalized and convenient beauty solutions.
www.boldhue.com 

SOURCE BoldHue

Prodia’s Web3 Infrastructure Powers AI Media Inference Solutions with Unmatched Low Latency and Cost Efficiency

ATLANTA, July 2, 2024 — Prodia, the leading distributed network of GPUs for AI inference solutions, today announced it raised a $15M seed round led by Dragonfly Capital to build more scalable, affordable AI solutions powered by Web3. Investment firms HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, EV3, Artichoke, TRGC, Folius, Tangent Capital, Southern Equity, Balaji Srinivasan, Sandeep Nailwal (founder of Polygon), Matthew Roszak, Jeremy Voss (Director of Gen AI at Meta), Amit Vasudev (founder of Clearbit), Thomas France founder of Ledger, Leon Marshall (CEO of Galaxy Europe), Nicolas Pinto, Kenzi Wang, Jermaine Brown and others.

Demand for high-performance computing is outpacing today’s centralized infrastructure’s ability to provide affordable, scalable solutions. Prodia helps solve this critical problem through its pioneering use of distributed, Web3 infrastructure. By leveraging a distributed network of GPUs, Prodia is uniquely positioned to offer both higher performance and lower costs compared to traditional cloud services. This approach not only taps into the unused computing power across the globe, but also democratizes access to state-of-the-art AI technologies.

This architectural choice is not merely optimal — it is essential since it provides the structural foundation that makes Prodia’s high-performance, low-cost AI inference solutions possible. This transformative approach marks a significant departure from conventional methods, positioning Prodia at the forefront of the next wave of AI infrastructure development.

Prodia was founded by Monty Anderson, Mikhail Avady, and Shawn Wilkinson – previously the founder of the world’s largest decentralized cloud storage company, Storj. With a vision of making AI more accessible, they built the most efficient compute engine in the world for AI via their distributed cloud. With a simple API, developers can integrate the latest models into their app within hours.

“Every single software company will have a generative AI component to their app in some form,” said Shawn Wilkinson, CEO of Prodia. “We have made it so easy to add AI into any application that our customers don’t even need to know what a GPU is. This is what sets us apart and why the top AI generation companies choose Prodia over the nightmare of fighting for machines on AWS or self hosting,” added Mikhail Avady, co-founder of Prodia.

The new financing will fuel the next phase of the company’s growth, including expansion into generative video and support for more LLMs. In addition, the funding will be used to help with expanding the Prodia network to support more types of GPU hardware and more types of providers.

“We believe Prodia sits at the vanguard of the generative AI transformation. Their API has bleeding-edge inference capabilities and we are thrilled to see their progress in making high-performance inference available for all,” said Anirudh Pai, Partner at Dragonfly.

Prodia also recently launched their new low latency API for enterprise customers, reaching best in class inference speeds in the world.

“Using tech like JWTs, gossip protocols, and connection pooling, we’ve built the fastest inference orchestration tool. It acts as a distributed system to deliver high efficiency and availability with minimal latency,” said Monty Anderson, co-founder of Prodia.

Prodia Resources:

About Prodia
Prodia is a distributed GPU cloud specifically designed for AI inference. Delivering high-performance cloud services, Prodia reduces costs by 50% – 90% and accelerates generation speeds, all while providing an easy-to-use Rest API for effortless integration. Powering the largest media generators, Prodia leads the way in being the best solution for applications at scale. For more information, visit https://prodia.com/. 

About Dragonfly Capital
Dragonfly is a global crypto venture capital and research firm. The firm invests in seed, venture, and growth-stage companies across the entire crypto ecosystem, including DeFi, CeFi, infrastructure, L1 and L2s, NFTs, creator/consumer and GambleFi sectors. Dragonfly leverages its global market knowledge, global empirical research, and diversity of financial, technical and operations experts to empower the most innovative crypto companies with the strategies, relationships, and tools for lasting success. Founded in 2018 and operating in 12 countries, Dragonfly has about $2.5B AUM.

For more information, visit https://www.dragonfly.xyz/ 

SOURCE Prodia

NEW YORK, July 2, 2024 — Two Roads Partners LLC (“Two Roads Partners”) today announced the final closing of Two Roads Partners Fund I and related entities (“Fund I”) at $400 million.

Lincoln International Private Funds Advisory served as placement agent. Kirkland & Ellis, LLP served as fund counsel.

For more information, please visit: www.tworoads.com

SOURCE Two Roads Partners

NEW YORK, July 2, 2024 — Alpha Capital Anstalt, a prominent investor known for its successful ventures in the United States and globally, has finalized the acquisition of all operating assets and IP of ENvizion Medical Ltd., including ENvizion Medical Inc., based in Arlington Heights, Illinois, USA.

Following this transaction, ENvizion Medical Inc. will operate as a privately held entity, independent from its former parent company, ENvizion Medical Ltd., which was previously publicly traded on the Tel Aviv Stock Exchange.

ENvizion Medical Inc. specializes in the enteral feeding tube navigation market, addressing challenges associated with blind insertions and radiography-based methods. The company has developed a revolutionary feeding tube navigation system designed for precise placement in adult patients.

The FDA 510(k)-cleared ENvue system comprises an electro-mechanical device integrated with software and enteral feeding tubes. Utilizing electromagnetic technology, the device creates personalized body maps of patients, enabling precise tube placement in the stomach or small intestine via oral or nasoenteric routes.

“Unlike competing products, the unique ENvue system provides simultaneous frontal, lateral, and axial views of actual patient body contours, offering real-time visualization and directional guidance of the enteral feeding tube,” explained Dr. Doron Besser, CEO of all ENvizion entities. “This enhances healthcare provider confidence during tube insertion, reducing the risk of lung placement and associated complications.”

The ENvue system’s innovative electromagnetic tracking technology reduces tube placement procedure times by half compared to current market offerings. This speed is crucial for promptly initiating feeding in critically ill and malnourished ICU patients, eliminating the need for repetitive X-ray confirmations, and lowering radiation exposure and healthcare costs.

ENvizion products are already widely adopted in numerous hospitals across the United States, demonstrating their growing acceptance and integration within the medical community.

Enteral feeding plays a vital role in providing essential nutrition to hospitalized patients unable to tolerate standard food intake methods. Dr. Besser emphasized, “The pioneering ENvue system ensures safe and swift feeding tube placement, contributing to improved outcomes for critically ill patients.”

“I am confident that this transaction, supported by our strong management team, will position the company to continue delivering compelling benefits for clinicians, patients, and customers going forward,” added Dr. Besser.

About ENvizion Medical Inc:

ENvizion Medical is a privately held company headquartered in Arlington Heights, Illinois, USA. The company focuses on preventing malnutrition and reducing tube feeding complications, leading to lower healthcare costs and the acceleration of patient recovery.

CONTACT INFORMATION:
ENvizion Medical Inc.
Doron Besser
[email protected]

SOURCE ENvizion Medical Inc.

Producing hydrogen from ‘sour gas’ waste streams for Emissions Reduction Alberta,
Alberta Innovates

PASADENA, Calif., July 1, 2024 — Thiozen, the first company ever to produce clean hydrogen from “sour gas” waste streams, today announced it has received a total of $3.2M in funding for a clean hydrogen project in Alberta, Canada. Administered by Emissions Reduction Alberta (ERA) and Alberta Innovates, the funding is part of an overall $57 million commitment by the Government of Alberta to support 28 projects that advance the hydrogen economy, reduce emissions, and create jobs in Alberta.

Projects cover the spectrum of hydrogen production, storage, transmission, distribution, and usage. The Thiozen project will produce zero-emission hydrogen, which will be used to decarbonize onsite operations as a way of addressing one of the energy industry’s leading challenges: finding economically viable ways to decarbonize remote industrial locations.

“The Government of Alberta recognizes that sour gas processing is a major cost associated with energy supply, and appreciates both the economic and environmental value of removing the hydrogen sulfide and producing a new energy stream in hydrogen,” said Ryan Gillis, co-founder and President at Thiozen. “We’re honored to be selected to participate in this project and to help Alberta leverage an entirely new method of producing hydrogen.”

Thiozen will use ERA funding to install its proprietary technology at a gas processing site in Alberta. The Thiozen platform will facilitate the “de-souring” – or removal – of hydrogen sulfide from the sour natural gas streams while simultaneously generating zero-emission hydrogen.

“Hydrogen has the potential to transform global energy markets and to create trillions of dollars of economic activity,” said Nate Glubish, Minister of Technology and Innovation with ERA. “Alberta’s government is committed to investing in new technologies to develop a hydrogen market and to ensure that Alberta is the Hydrogen capital of Canada. These investments will help to grow and diversify our economy and secure our future as a global energy powerhouse for generations to come.”

If successful, the eight projects funded through ERA’s Accelerating Hydrogen Challenge are expected to deliver annual greenhouse gas (GHG) reductions of 13 thousand tonnes, cumulative reductions of 81 thousand tonnes by 2030, and 493 thousand tonnes by 2050.

“Thiozen’s selection by the Government of Alberta reflects the urgency of finding efficient decarbonization strategies for some of Canada’s most important industries,” said Gillis. “This is truly a transformational moment for Canada’s hydrogen economy and for the energy industry as a whole.”

About Thiozen’s Breakthrough Hydrogen Production Technology
Thiozen’s patented chemical cycle produces hydrogen from hydrogen sulfide – the “sour gas” waste stream – thereby replacing traditional hydrogen production. This process will dramatically reduce global greenhouse gas emissions. In addition, the technology will improve air quality and respiratory health in communities near current hydrogen infrastructure while providing cost-sensitive firms a path to both procuring additional hydrogen and lowering the carbon intensity of their products.

About Thiozen
Thiozen is an MIT spinout and the first-ever company to commercialize a process that can produce hydrogen from sour gas waste streams. By developing a low-cost, low-emission method of producing hydrogen, Thiozen helps meet the energy industry’s growing demand for clean, affordable hydrogen. Thiozen recently validated its technology in an in-field pilot unit in the Permian Basin. The 3-year-old company has headquarters in Pasadena, CA. Learn more at www.thiozen.com.  

About Emissions Reduction Alberta (ERA)
Emissions Reduction Alberta has been investing revenues from the carbon price paid by large emitters to accelerate the development and adoption of innovative clean technology solutions for 15 years. Since established in 2009, ERA has committed nearly $935 million toward 267 projects worth $8.8 billion that are helping to reduce GHGs, create competitive industries and are leading to new business opportunities in Alberta. These projects are estimated to deliver cumulative GHG reductions of 42.5 million tonnes by 2030 and 117.6 million tonnes by 2050. 

About The Hydrogen Centre of Excellence
The Hydrogen Centre of Excellence is a funding program, testing and service facility and a forum for facilitating partnerships to de-risk hydrogen technology development led by Alberta Innovates. The Centre received $50 million in funding from the Government of Alberta as an important component of Alberta’s Hydrogen Roadmap and Alberta’s Recovery Plan. The Hydrogen Centre of Excellence will accelerate technology and innovation across the hydrogen value chain, closing innovation and support gaps to strengthen Alberta’s hydrogen economy. Its purpose is to provide innovation support across the entire hydrogen system, from production to end use.

About Alberta Innovates
Alberta Innovates manages nearly 1,300 projects in a portfolio valued at $1.33 billion. It works with innovators in all sectors of the economy and all corners of the province to drive entrepreneurship, applied research and industry development. With its impact-based funding programs and services, Alberta Innovates is transforming energy systems for a net-zero world, promoting the responsible use of land and water, leveraging provincial strengths in agriculture, and contributing to improved health and well-being by harnessing digital tech and data. Alberta Innovates is also advancing emerging technologies and strengthening entrepreneurship for a strong and diversified economy. It operates in 11 locations with more than one million sq. ft. of industrial testing and lab facilities, and 600 acres of farmland and employs nearly 600 highly skilled scientists, business and technical professionals.

SOURCE Thiozen

TAIPEI, July 1, 2024 — Anbogen Therapeutics, Inc., a clinical-stage company dedicated to developing breakthrough cancer therapies, has announced the successful closing of a USD 7.3M oversubscribed A+ round financing, which is a direct continuation of the USD 12.5 Million Series A on 1^st February, 2024, bringing the total raised to USD 19.8M. The funds from the A+ round will be specifically used to advance the Phase II clinical trial of ABT-301. The financing round was led by KGI Venture Capital and both new and existing investors.

The capital raised in the A+ round will primarily be used to support the Phase II clinical trial of ABT-301 in combination with PD-1 inhibitors for treating microsatellite stable (MSS) metastatic colorectal cancer, which accounts for 95% of the metastatic colorectal cancer population that does not benefit from immune checkpoint inhibitors. Previous preclinical studies have repeatedly showed that ABT-301, when combined with immune checkpoint inhibitors, exhibits remarkable synergistic therapeutic effects in various solid tumor models, including subcutaneous xenograft and orthotopic models of colorectal cancer, liver cancer, triple-negative breast cancer, and head and neck cancer.

Given these promising results, Anbogen decided to proceed with the A+ round of financing to secure the necessary funds for ABT-301’s clinical trial, without impacting the ongoing Phase II development of ABT-101.

Leveraging ABT-301’s compelling immunomodulatory and synergistic effect combined with PD-1 treatment that Anbogen has observed, we have successfully engaged pharmaceutical companies who will agree to enter PD-1 drug-supply agreement with Anbogen. This collaboration will enable Anbogen to optimize its resource allocation and underscores the strong recognition of both ABT-301 and Anbogen.

“We are deeply grateful to our investors for their continued support and confidence in our mission,” says Dr. Tsu-An Hsu, CEO of Anbogen Therapeutics. “This funding is crucial for the advancement of ABT-301 combo with immune checkpoint inhibitors treating solid tumors, and it validates our ongoing efforts to bring effective cancer treatments to patients in need.”

About Anbogen:

Anbogen is a clinical-stage biotechnology company dedicated to developing precision anti-cancer drugs and is committed to R&D innovations to improve the lives of cancer patients around the world. The company was founded by Dr. Joe Shih, in response to the national science and technology policy. The team has years of experience in new drug development while working at the National Health Research Institutes or biopharma companies.

Two of its drugs, ABT-101 for non-small cell lung cancer (NSCLC) with HER2 exon20 insertion mutations and ABT-301(combine with immune checkpoint inhibitors) for metastatic colorectal cancer, are currently in human clinical trials. For more information, please visit Anbogen’s official website (www.anbogen.com).

SOURCE Anbogen Therapeutics