Anaheim Bio Launches with €40 Million Series A to Advance ANA-1 for CPPD Disease
Anaheim Bio, a new preclinical-stage biotechnology company, has officially launched with an oversubscribed €40 million Series A financing round. The funding will be used to advance ANA-1, its lead small molecule therapeutic candidate, for the treatment of calcium pyrophosphate deposition disease (CPPD). ANA-1 is designed to directly address the underlying pathology of CPPD by lowering extracellular pyrophosphate (PPi), which is responsible for the crystal deposits that cause the inflammatory arthritis. CPPD primarily affects older adults, causing severe joint pain and swelling, and currently lacks an approved therapy that targets the crystal deposits themselves. Anaheim Bio, spun out of Alesta Therapeutics, is backed by Alesta's former investors, including Droia Ventures, Frazier Life Sciences, RTW Investments, Novartis Venture Fund, RV Invest, and Thuja Capital. The company anticipates ANA-1 will enter clinical trials in 2027, with the Series A financing providing runway into 2028.