Edinburgh, Scotland, UK-based AdoRx Therapeutics Raises $10M in Funding

By StartUp City

AdoRx Therapeutics, an Edinburgh, Scotland, UK-based drug discovery firm centered in light of recognizing new therapies for cancer treatment, raised $10m up in initial funding.

The round was driven by Epidarex Capital and CRT Pioneer Fund.

The organization will utilize the assets to keep on developing its applicants.

Established in 2017, by CEO and former head of the Novartis Institutes of BioMedical Research UK, Pete Finan, AdoRx is pursuing the discovery of latest theraupetics for cancer-based adenosine pathway. Elevated amounts of adenosine in the tumor microenvironment empower the growth of cancer to evade the immune system. The organization's lead programs are centered around the outline of adenosine receptor opposition that will overcome the impacts of high adenosine levels.

The group is driven by Dr Clive McCarthy (Enterprise Therapeutics, Evotec, Novartis and Rhone Poulenc Rorer),  Dr. Roy Pettipher (Orca, Atopix, Wellcome), and Dr. Pete Finan (Novartis, Karus Therapeutics, Yamanouchi),  who have found and changed more than 25 investigational drugs into clinical improvement.