Altay Therapeutics Closes $37 Million Series A Financing to Advan...

SAN CARLOS, Calif.-- October 14, 2026 -- Altay Therapeutics, Inc., a biotechnology company developing novel small molecule inhibitors of transcription factors, today announced the completion of a $37 million Series A financing. The round was co-led by Sound Bioventures and HealthCap, with participation from new investors including Fountain Healthcare Partners, Biogen New Ventures, Pappas Capital, and Global BioAccess Fund. Proceeds from the financing will be used to accelerate the development of Altay's lead therapeutic candidate, DX5057, through Phase 1 and Phase 2 proof-of-concept clinical trials for patients with FSHD (facioscapulohumeral muscular dystrophy).

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