Maxion Therapeutics Expands Team and Facilities with Move to Unity Campus
Maxion Therapeutics (“Maxion”), the biotechnology company developing antibody-based drugs for previously untreatable ion channel- and GPCR-driven diseases, is relocating to The Works, Unity Campus, located just outside Cambridge, UK. The company is moving from its previous site at the Babraham Research Campus to an over 7,600 sq ft facility to support further growth.
The move follows Maxion’s successful USD $16 million (GBP £13 million) pre-Series A fundraise in February 2023, and the award of £2 million Innovate UK funding, to support the development of novel biologics targeting ion channels and G-protein-coupled receptors (GPCRs) via Maxion’s proprietary, patent-protected KnotBody® platform.
John McCafferty, CEO, Maxion Therapeutics commented on the move:
Katherine Friend, Director Investment & Asset Management, Howard Group added:
Unity Campus is well known to Maxion’s senior team. Prior to founding Maxion, CEO John McCafferty and CSO Aneesh Karatt Vellatt co-founded antibody discovery company IONTAS, which moved to The Works in 2021 to facilitate a major expansion drive. IONTAS was then acquired by FairJourney Biologics in 2020. Maxion’s move to The Works means its co-founders will be close neighbours to their previous company (IONTAS).
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About Maxion Therapeutics
Maxion Therapeutics is a biotechnology company developing antibody-based drugs for previously untreatable ion channel- and G protein-coupled receptor (GPCR)-driven diseases, including autoimmune conditions, chronic pain, and cardiovascular disease.
The Company is developing a pipeline of potentially first- and best-in-class therapeutics using its proprietary KnotBody® technology to generate potent, selective, and long-acting therapeutics by combining naturally occurring mini-proteins (‘knottins’) with antibodies using state-of-the-art phage and mammalian display technologies. Maxion was founded in 2020 by highly respected biotech entrepreneurs and scientists Dr John McCafferty, CTO and Dr Aneesh Karatt-Vellatt, CSO. Dr McCafferty previously co-invented antibody phage display, which was the subject of the 2018 Nobel Prize in Chemistry awarded to his co-inventor Sir Gregory Winter. Maxion’s portfolio and growth is being advanced by a team of highly experienced leaders in the discovery and development of antibody-based drugs. The Company is based near Cambridge, UK and is backed by international blue-chip investors.
For more information, please visit: https://www.maxiontherapeutics.com/
