San Diego's Ambrx, Inc. Files For $86 Million IPO To Advance Antibody-Drug Conjugates

Published: May 07, 2014

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San Diego-based Ambrx, a biotech company with a new approach to developing protein therapeutics for treating, cancers, diabetes, and other diseases and disorders, plans to raise as much as $86 million in an IPO, according to a regulatory filing that was made public Friday [May 2, 2014]. The company submitted its IPO plans confidentially on March 28th. Using recombinant DNA-based protein biosynthesis, Ambrx can insert non-native amino acids at precisely selected sites in native proteins as they are being made within the cells.

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