Annexin Pharmaceuticals

Annexin Pharmaceuticals

Stockholm, Sweden· Est.
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Private Company

Total funding raised: $56.2M

Overview

Annexin Pharmaceuticals is a clinical-stage biotech with a mission to 'empower the body to fight disease' by targeting phosphatidylserine (PS) exposure, a root pathological mechanism. Its lead asset, ANXV, is a recombinant human Annexin A5 protein currently in a Phase 2a proof-of-concept study for Retinal Vein Occlusion (RVO), with preclinical work ongoing in oncology. The company's strategy is to de-risk and optimize the ANXV program's value through clinical validation in RVO before seeking partnerships or licensing deals to expand into larger indications like cancer and cardiovascular diseases.

OphthalmologyOncologyCardiovascularHematology

Technology Platform

Proprietary platform based on recombinant human Annexin A5 (ANXV), a protein that binds with high affinity to exposed phosphatidylserine (PS) on stressed cells to inhibit pro-inflammatory, pro-coagulant, and immune-evasive signaling.

Funding History

5
Total raised:$56.2M
Series B$15M
Series B$22M
Series A$8M
Series A$8.7M

Opportunities

Positive Phase 2a data in RVO would validate the novel PS-targeting platform, de-risk the asset, and unlock significant value across multiple high-potential indications including oncology (as an immune modulator or ADC carrier) and sickle cell disease.
The non-overlapping mechanism with anti-VEGF drugs in RVO presents a compelling combination or monotherapy opportunity in a large, established market.

Risk Factors

The company faces high clinical development risk as its first-in-class approach awaits proof-of-concept data.
As a pre-revenue public company, it is susceptible to financing and dilution risk, and its entire value is concentrated on the success of the single ANXV platform, creating significant binary outcome dependency.

Competitive Landscape

ANXV's primary competition in RVO is the entrenched anti-VEGF standard of care, though its causal mechanism is complementary. In PS-targeting for oncology, it faces other modalities (e.g., anti-PS antibodies) but differentiates via its natural protein structure and internalization property for drug delivery. Its first-mover status in clinical PS modulation is both an advantage and a burden of proof.