Ambit is an American pharmaceutical company focused on development of kinase inhibitor therapeutics to treat a variety of human diseases. As of March 2014, the company was based in San Diego, California and consisted of a single facility. Ambit made an initial public offering in May 2013 and was listed on the NASDAQ exchange under the symbol "AMBI". Ambit was acquired by Daiichi Sankyo in 2014 and is no longer traded on the NASDAQ exchange.
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Products
As of March 2014, three products were under development, of which quizartinib was their lead drug candidate.
Business model
As of March 2014, Ambit sought to develop new therapeutics through internal, proprietary research, which is evidenced by their pipeline of three products consisting entirely of internally developed therapeutics. Further, Ambit aimed to be a full life cycle pharmaceutical company by conducting discovery, development and further commercialization of therapeutics.
Among the firms who invested heavily in Ambit prior to its initial public offering was Foresite Capital in January 2013.
In November of 2014, Ambit was acquired by Daiichi Sankyo