Ethyreal Bio launches with $101 million for thyroid disease antibody
Cambridge, Massachusetts-based Ethyreal Bio has launched with $101 million in financing to advance ETHY-001, a preclinical antibody being developed for Graves’ disease and thyroid eye disease (TED).
The private biotech said the funding includes a Series A co-led by Atlas Venture and Medicxi Ventures, with participation from Nandi Life Sciences and Checkpoint Capital, and a Series B led by Avoro Capital. The proceeds will support ETHY-001 through planned first-in-human studies, which are expected to begin in the second half of 2026.
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