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Seaport Therapeutics raised $100 million in an oversubscribed Series A led by ARCH Venture Partners, Sofinnova Investments and Third Rock Ventures to support the development of a novel clinical-stage pipeline of neuropsychiatric medicines.

Apr 09, 2024over 1 year ago

Amount Raised

$100 Million

Round Type

series a

BostonBiopharmaTherapeuticsPharmaceuticalBiotechnology

Investors

Third Rock VenturesSofinnova InvestmentsArch Venture Partners

Description

Seaport Therapeutics, the latest Founded Entity by PureTech, has successfully raised $100 million in an oversubscribed Series A financing. The funding will be used to support the development of a novel clinical-stage pipeline of neuropsychiatric medicines.

Company Information

Company

Seaport Therapeutics

Location

Boston, Massachusetts, United States

About

Seaport Therapeutics is a clinical-stage biopharmaceutical company advancing the development of novel neuropsychiatric medicines in areas of high unmet patient needs. We have a proven strategy of advancing clinically validated mechanisms previously held back by limitations we overcome with our proprietary Glyph technology platform. All the therapeutic candidates in our pipeline of first and best-in-class medicines are based on the Glyph platform, which is uniquely designed to enable oral bioavailability, bypass first-pass metabolism and reduce hepatotoxicity and other side effects. We are led by an experienced team that was involved in inventing and developing KarXT and other neuropsychiatric medicines, and are guided by an extensive network of renowned scientists, clinicians and key opinion leaders.

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Funding Insights

Based on industry data
VC-backed spending patterns
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