ADARx Pharmaceuticals is working on an RNA precision medicine platform spanning multiple therapeutic areas.
ADARx Pharmaceuticals, a San Diego startup working on RNA precision medicine technologies, has snagged $46 million in venture capital funding.
The company announced the investment late last week, and the size of the round is significant in today’s economic environment. Inflation and global market headwinds have slowed startup investment across the country over the past year, with the amount of venture capital flowing into San Diego startups dropping roughly in 2022 compared with 2021.
Founded in 2019, the company was co-founded by Dr. Zhen Li, who is president and chief executive officer. She previously held a senior vice president position at Arrowhead Pharmaceuticals and was a director at Merck.
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