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​Aadi Bioscience gets $23 million funding

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Aadi Bioscience Inc., a clinical stage biopharmaceutical company focused on treating diseases related to mTOR activation, said it has raised $23 million in a series A funding round. Pacific Palisades, California-based Aadi said it plans to use the capital to drive the clinical programs for ABI-009, its targeted albumin-bound mTOR inhibitor. The financing round was led by Hermed Capital with participation from Celgene Corp. (Nasdaq: CELG), Vivo Capital, Decheng Capital, the Helsinn Investment Fund…

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