"The support from these renowned life sciences investors is a testament to our team, science and pipeline,” said David Ke, M.D., Founder and CEO of Angitia. “We are eager to advance our pipeline of novel biologics to potentially address the large unmet medical needs of patients with serious musculoskeletal diseases, an area that deserves greater investment and innovation in new therapeutic approaches.”

"Angitia continues to display impressive track records including building a superior international team and meeting key milestones for its pipeline molecules,” commented Morningside Group Dr. Lu Huang. “The global market for the treatment of musculoskeletal disorders is large and growing, especially as the population ages. We look forward to supporting Angitia team in advancing its exciting pipeline to address these major opportunities.”

“In this aging society, the market value of musculoskeletal drugs will continue to increase. Angitia’s diversified therapeutics, backed by in-depth knowledge and thorough understanding of innovative drug development, could potentially enable patients to recover from serious musculoskeletal disease,” commented by Dr. Minchuan Wang, 3H Health. “We are delighted to support Angitia in developing its novel therapies for patients worldwide, which we believe will help people live higher quality and longer lives.”

"OrbiMed invests in companies turning innovative discoveries into new therapies which meet significant unmet clinical needs. Angitia is well positioned to advance its pipelines and to build a leading company in global musculoskeletal therapeutics,” said Dr. David Guowei Wang, OrbiMed. “Since participating in Series A financing, we are excited to witness Angitia’s critical milestones and achievements. We believe Angitia will continue to rapidly develop therapeutics for important musculoskeletal diseases.”

About Morningside Group

Founded in 1986 by the Chan family, Morningside is a technology and life science venture investment firm. With offices in Boston, Shanghai and London, the firm invests globally. The group is managed by investment professionals who are entrepreneurial, have deep industry knowledge and are effective in the local environment in which they operate. Morningside partners with academic founders and entrepreneurs to build world-class companies that want to markedly improve the current state of medicine today and ultimately, the lives of patients. In addition to its investment activities, Morningside Ventures is strongly committed to social responsibility.

About 3H Health Investment

Founded in 2016, 3H Health is a venture capital firm that invests in biotechnology and medical technology companies. 3H Health partners with exceptional scientists and entrepreneurs to drive breakthroughs and help patients with unmet medical needs. Equipped with professional science backgrounds, deep understandings of the market, and an extensive industry network, 3H Health is committed to market-leading companies in global healthcare industry.

About OrbiMed

OrbiMed is a leading global healthcare investment firm, with $17 billion in assets under management across a range of private equity funds, public equity funds, and private credit/royalty funds. It invests across the healthcare industry, from start-ups to large multinational corporations. OrbiMed's team of over 100 scientific, medical, investment, and other professionals are based in key markets around the world.

About Angitia

Founded in 2018, Angitia is a clinical-stage biotechnology company focused on the discovering and developing breakthrough therapeutics that address the key unmet medical needs in serious musculoskeletal disease. With the team’s experience and scientific expertise in novel drug development, Angitia is dedicated to bringing innovative therapies to help patients in need.

Forward-Looking Statement

This press release is prepared by Angitia (the “Company", “We”) for informational purposes only. Forward-looking statements include all statements that are not historical facts and in some cases can be identified by terms such as “anticipate,” “expect,” “intend”, “plan”, “believe”, “continue”, “could”, “potential”, “may”, “will”, “goal” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words.

These forward-looking statements are based on the current projects, expectations, assumptions, and understandings of the Company with respect to future events as of the date these statements are made. These statements are not a guarantee or warranty of future developments or otherwise. 

These statements involve substantial known and unknown risks, uncertainties, and other factors that are beyond the Company’s control and are difficult to predict and may cause our actual results, timing of results, or achievements to be materially different from the information expressed or implied by these forward-looking statements. We anticipate that subsequent events and developments may cause our expectations and assumptions to change, and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by law.

Except as expressly required by law, the Company and/or its officers, directors, employees, and agents shall not assume responsibility for the accuracy and completeness of the forward-looking statements in the information provided.