On October 5, 2021, IpiNovyx Bio, Inc. closed the transaction. The transaction was led by new investor Viva BioInnovator. The transaction included participation from new investors Alexandria Venture Investments, LLC, Opaleye Management Inc., Eli Lilly and Company, and Orange Grove Bio, LLC.

The company has received $7,000,000 in funding from 12 investors pursuant to Regulation D.