Akston Biosciences Completes Series D Preferred Stock Financing

Akston Biosciences completed its $3.9 million Series D financing, including the conversion of $1.9 million from Notes sold previously. Purchasers included both those who had invested in prior rounds and new investors. Dr. Todd Zion, Akston’s co-founder, President and CEO said, “I am grateful for the strong support from our current stockholders as well as the confidence shown in Akston by our new investors. We plan to use the proceeds of this round to accelerate the application of our insulin engineering platform to the treatment of diabetes and cancer.”