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AstronauTx Raises $61M in Series A Financing for New Alzheimer’s Treatments
Supporters include Novartis Venture Fund, Brandon Capital, and more.
AstronauTx announced in a company press release that it has raised $61 million as a result of Series A funding. With funding led by the Novartis Venture Fund, several others contributed including Brandon Capital, Bristol Myers Squibb, EQT Life Sciences investing from the LSP Dementia Fund, MPM Capital with participation from current investor, the Dementia Discovery Fund. The company intends to use the proceeds to develop new treatments for Alzheimer’s disease.
"We now know that the processes causing Alzheimer's and other similar diseases are modifiable.Progress towards a compendium of new drugs against these devastating diseases is thankfully well underway. Our treatments will be oral drugs, applicable across multiple neurodegenerative conditions, and additive with mechanisms that are currently in late-stage development," said Ruth McKernan, PhD, CBE, co-founder, AstronauTx.
Reference: AstronauTx closes £48 million ($61 million) Series A financing to create new treatments for Alzheimer's disease. PR Newswire. October 9, 2023. Accessed October 9, 2023. https://www.prnewswire.com/news-releases/astronautx-closes-48-million-61-million-series-a-financing-to-create-new-treatments-for-alzheimers-disease-301949897.html
What Every Pharma CEO Should Know About Unlocking the Potential of Scientific Data
December 11th 2024When integrated into pharmaceutical enterprises, scientific data has the potential to drive organizational growth and innovation. Mikael Hagstroem, CEO at leading laboratory informatics provider LabVantage Solutions, discusses how technology partners add significant value to pharmaceutical R&D, in addition to manufacturing quality.
Key Findings of the NIAGARA and HIMALAYA Trials
November 8th 2024In this episode of the Pharmaceutical Executive podcast, Shubh Goel, head of immuno-oncology, gastrointestinal tumors, US oncology business unit, AstraZeneca, discusses the findings of the NIAGARA trial in bladder cancer and the significance of the five-year overall survival data from the HIMALAYA trial, particularly the long-term efficacy of the STRIDE regimen for unresectable liver cancer.
