Australian firm raises funds for Phase III trial in rare neurological disorder
Australian biopharmaceutical company Neuren Pharmaceuticals (ASX: NEU) has landed a A$10 million ($8 million) investment from UK-based Lanstead Investors, and a further A$1.5 million from other investors.
Neuren, which is focused on developing treatments for severe neurological conditions, has conducted Phase II trials of lead candidate trofinetide in rett syndrome and fragile X syndrome, as well as traumatic brain injury.
The company says it raised the money to fund a Phase III trial in rett syndrome, which it hopes to launch next year.
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