Novus has also completed private placement funding of $108 million that will be used to fund operations including the advancement of AT-1501 to phase II clinical trials in renal transplantation, islet cell transplantation, autoimmune nephritis, and amyotrophic lateral sclerosis (ALS).

A previous phase I clinical safety study demonstrated that AT-1501 was well-tolerated at all doses tested in healthy volunteers and patients with ALS.

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AbbVie, I-Mab partner on cancer mAb, I-Mab raises $418M
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Kite submits BLA for CAR T in non-Hodgkin lymphomas
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MD Anderson, Xencor partner on XmAb candidates
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