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Neurosterix raised $63M in a Series A funding led by Perceptive Xontogeny Venture Fund II to advance allosteric modulator therapeutics for neurological disorders.

PRIVATEApr 03, 2024

Amount Raised

$63 Million

Round Type

Series A

New YorkBiotechnologyHealth CareTherapeuticsPharmaceutical

Investors

Acorn BioventuresPerceptive Life Sciences FundPerceptive Xontogeny Venture Fund II

Description

Neurosterix launched with a $63 million Series A financing led by Perceptive Xontogeny Venture Fund II, with participation from Perceptive Life Sciences Fund and Acorn Bioventures. Neurosterix is leveraging decades of investment made by Addex in building a leading allosteric modulator discovery technology platform.

Quick answer

Neurosterix raised $63 Million in a Series A round, dated April 3, 2024. Investors: Acorn Bioventures, Perceptive Life Sciences Fund and Perceptive Xontogeny Venture Fund II. Neurosterix is based in New York, New York, United States.

How much did Neurosterix raise?
Neurosterix raised $63 Million in a Series A round on April 3, 2024.
Who invested in Neurosterix?
Acorn Bioventures, Perceptive Life Sciences Fund and Perceptive Xontogeny Venture Fund II are named as investors in this round.
What does Neurosterix do?
Neurosterix is a biopharmaceutical company focused on developing allosteric modulators for the treatment of patients suffering from neurological disorders.
Where is Neurosterix based and how big is it?
Neurosterix is based in New York, New York, United States.

Source: Fundz verified event record.

Who else raised in Therapeutics and Pharmaceutical around the same time

Companies in the same sectors as Neurosterix that raised within 45 days of this round, from Fundz verified event records.

  • Ajax Therapeutics, Inc. raised $95M (Series C) on May 13, 2024.
  • Cerenome, Inc. raised $18M (Post-IPO Equity) on May 6, 2024.
  • Ajax Therapeutics, Inc. raised $95M on April 26, 2024.
  • Brise Pharmaceuticals LTD raised $20M (Funding Round) on April 23, 2024.
  • TORL BioTherapeutics raised $158M (Series B) on April 10, 2024.
  • TORL BioTherapeutics raised $158M on April 4, 2024.

Who to call at Neurosterix, and when

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Company Information

Company

Neurosterix

Location

New York, New York, United States

About

Neurosterix is a biopharmaceutical company focused on developing allosteric modulators for the treatment of patients suffering from neurological disorders. Allosteric modulators increase or decrease the activity of target receptors by binding outside of the “active site” where traditional drugs operate. This approach can improve upon the efficacy and tolerability of existing treatments and potentially address new targets to bring therapeutic innovation to existing or new underserved patient communities. Neurosterix is supported by an industry-leading allosteric modulator drug discovery and development platform. For more information, visit neurosterix.com.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Neurosterix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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