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UK biotech raises $67M to advance new drug for ALS and Parkinson's into clinical trials.
UK biotech NRG Therapeutics raised £50 million ($67 million) in Series B funding to advance its lead drug NRG5051 into clinical trials for ALS/MND and Parkinson's disease.
The funding, led by the Dementia Discovery Fund, will help generate clinical proof of concept and meaningful data.
The drug targets mitochondrial dysfunction, showing neuroprotective effects and reduced neuroinflammation in pre-clinical models.
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La biotecnología del Reino Unido recauda 67 millones de dólares para avanzar en los ensayos clínicos de un nuevo fármaco contra la ELA y el Parkinson.