The company launched with a $63 million series A financing led by Perceptive Xontogeny Venture Fund II in April 2024. Proceeds will be used to further development the company's lead candidate, a so-called M4 PAM type allosteric modulator.
The Swiss biotech will make use of a discovery technology platform developed by Addex Therapeutics, which is also contributing a portfolio of neuroscience assets.
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