Alchemab secures record British Business Bank investment to expand AI-driven antibody pipeline

9 July 2026

UK biotech company Alchemab Therapeutics has secured a £25 million ($34 million) Series A extension from the British Business Bank, in what the bank says is its largest direct investment in a life sciences company.

The funding takes Alchemab’s Series A financing to £109 million and will support expansion of its AI-enabled antibody discovery platform, as well as the progression of further pipeline candidates toward the clinic.

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