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NodThera Announces Close of $55 Million Series B Financing

Jun 03, 2020about 5 years ago

Amount Raised

$55 Million

Round Type

series b

PhiladelphiaBiotechnology

Description

NodThera, a clinical stage biotechnology company developing a new class of medicines that inhibit the NLRP3 inflammasome to treat diseases driven by chronic inflammation, today announced that it has secured $55 million (£44 million) in a Series B financing. NodThera’s lead candidate, NT-0167, is being evaluated in a Phase 1 clinical trial in healthy volunteers.

Company Information

Company

Nod Thera

Location

Philadelphia, Pennsylvania, United States

About

NodThera is developing a new class of potent and highly selective NLRP3 inflammasome inhibitors for the treatment of diseases driven by chronic inflammation. We’re building a dynamic team of people across our offices in Cambridge, UK and Boston, MA; all united by our shared ambition, enthusiasm, and creativity.

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