Seaport Therapeutics has raised $225 million to advance its development of innovative brain drugs, focusing on longer-lasting psychiatric medications with fewer side effects. Founded by PureTech Health, the company is progressing its lead oral drug targeting major depressive disorder and exploring treatments for anxiety and neuropsychiatric disorders. The funding round, led by General Atlantic, reflects strong investor confidence in Seaport's experienced team and its promising research programs.
Femtech investment is rebounding, with $980 million deployed across 64 deals in 2023, surpassing last year's total of $840 million from 94 deals. The sector gained momentum following the US Supreme Court's abortion ruling, despite facing challenges from legal disputes and fundraising difficulties. Notable recent investments include Flo Health's $200 million Series C and Maven's ongoing fundraising efforts.
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