--- title: Alchemab lands £25m from British Business Bank in record... description: Cambridge biotech Alchemab Therapeutics has secured a £25 million investment from the British Business Bank, described as the state lender's largest-ever... canonical: https://daily.dev/posts/alchemab-lands-25m-from-british-business-bank-in-record-life-sciences-bet-jjo6q7pxh twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Alchemab lands £25m from British Business Bank in record life sciences bet | daily.dev og:description: Cambridge biotech Alchemab Therapeutics has secured a £25 million investment from the British Business Bank, described as the state lender's largest-ever... og:url: https://daily.dev/posts/alchemab-lands-25m-from-british-business-bank-in-record-life-sciences-bet-jjo6q7pxh og:image: https://api.daily.dev/og/posts/jJO6q7pxH.png og:image:alt: Alchemab lands £25m from British Business Bank in record life sciences bet og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Alchemab lands £25m from British Business Bank in record life sciences bet **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Cambridge biotech Alchemab Therapeutics has secured a £25 million investment from the British Business Bank, described as the state lender's largest-ever backing of a life sciences company. The funding extends Alchemab's Series A to £109 million total and will be used to expand its proprietary antibody database from 500 million to over a billion sequences, and advance clinical drug candidates. Alchemab's Resiliome platform uses AI to identify naturally occurring antibodies in people who resist hard-to-treat diseases, then develops first-in-class therapeutics from them. Its lead asset, ATLX-1282 for ALS, is in clinical development and has been licensed to Eli Lilly. ## Full article daily.dev links to this article rather than hosting it. 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