R1 Therapeutics is a clinical-stage biopharmaceutical company focusing on the development of first-in-class therapies for patients with kidney disease. Its lead program, AP306, targets hyperphosphatemia in patients with chronic kidney disease on dialysis, a condition associated with serious bone and cardiovascular complications and poorer outcomes when phosphate remains uncontrolled. AP306 is a first-in-class pan phosphate active transport inhibitor designed to block three key phosphate transporters in the gut, with the potential to deliver rapid and effective phosphate lowering with a significantly reduced treatment burden. R1 has licensed exclusive global rights outside of Greater China to AP306 from Alebund Pharmaceuticals and is advancing a global Phase 2b development program. AP306 was originally discovered by Chugai Pharmaceutical Co., Ltd. and subsequently licensed to Alebund Pharmaceuticals in 2021.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 09/30/26 | $80,500,000 | Series A Extension |
Samsara BioCapital | undisclosed |