Tech Company Financing Transactions

Asceneuron Funding Round

Novo Holdings, EQT Life Sciences and Johnson & Johnson Innovation invested in a $100 million Series C capital raise for Asceneuron. This venture round was announced on 7/16/2024.

Transaction Overview

Company Name
Announced On
7/16/2024
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series C
Investors

Novo Holdings (Lead Investor) (Naveed Siddiqi)

EQT Life Sciences (Philip Scheltens)

Johnson & Johnson Innovation

M Ventures

OrbiMed (Dina Chaya)

Sofinnova Partners (Henrijette Richter)

SR One Capital Management (Amit Shah)

Proceeds Purpose
The company intends to use the funds to advance its lead asset ASN51 into Phase 2 clinical development for the treatment of Alzheimer's disease.

Company Information

Company Status
Private & Independent
Industry
Life Sciences
Mailing Address
EPFL Innovation Park Bâtiment B
Lausanne, CH-1015
Switzerland
Phone
Undisclosed
Email Address
Not Recorded
Overview
We have one ultimate goal: to deliver truly effective therapeutics for neurodegenerative diseases and transform the lives of patients. Asceneuron has two small molecule O-GlcNAcase inhibitors (ASN51 and ASN90) that leverage a central protein modification system to slow protein aggregation. Both ASN51 and ASN90 have completed 3 Phase 1 studies, demonstrating high O-GlcNAcase inhibition in the brain.
Profile
Asceneuron LinkedIn Company Profile
Social Media
Asceneuron Company Twitter Account
Company News
Asceneuron News
Facebook
Asceneuron on Facebook
YouTube
Asceneuron on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Barbara Pavik
  Barbara Pavik LinkedIn Profile  Barbara Pavik Twitter Account  Barbara Pavik News  Barbara Pavik on Facebook
Chief Operating Officer
Sandra Millet
  Sandra Millet LinkedIn Profile  Sandra Millet Twitter Account  Sandra Millet News  Sandra Millet on Facebook
VP - Bus. Development
Andrin Cerletti
  Andrin Cerletti LinkedIn Profile  Andrin Cerletti Twitter Account  Andrin Cerletti News  Andrin Cerletti on Facebook
VP - R & D
Ryan Schubert
  Ryan Schubert LinkedIn Profile  Ryan Schubert Twitter Account  Ryan Schubert News  Ryan Schubert on Facebook
VP - Regulatory Affairs
Ruhi Ahmed
  Ruhi Ahmed LinkedIn Profile  Ruhi Ahmed Twitter Account  Ruhi Ahmed News  Ruhi Ahmed on Facebook


 

 

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Prev: 7/16/2024: Omni Fiber venture capital transaction
Next: 7/16/2024: Cardurion Pharma venture capital transaction

 

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