Axonis Therapeutics has secured $115 million in a Series A financing round led by Cormorant Asset Management and venBio Partners to develop innovative treatments for neurological disorders. The funds will advance a drug targeting KCC2, aimed at treating epilepsy and pain, into human trials this year, while also supporting next-generation compounds for various psychiatric and neurodevelopmental conditions. The investment reflects a growing interest in precise neurological therapies, as evidenced by recent acquisitions in the biotech sector.
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.
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