Naurex Secures $18,000,000 Series A Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1a50c0f9-fffe-4173-99f6-480a9a6c4c27&Preview=1 -
Date
5/11/2011 -
Company Name
Naurex -
Mailing Address
1801 Maple Ave. Evanston, IL 60201 -
Company Description
Naurex Inc. is a clinical-stage company developing novel therapies for depression and other CNS disorders based on a new mechanism of action for modulating the N-methyl-D-aspartic acid receptor (NMDAR). -
Website
http://www.naurex.com -
Transaction Type
Venture Equity -
Transaction Amount
$18,000,000 -
Transaction Round
Series A -
Proceeds Purposes
Naurex will use the proceeds from the Series A financing primarily for the Phase II trial of its lead compound, GLYX-13, a glycine-site functional partial agonist (GFPA) selective modulator of the NMDA receptor (NMDAR), and also to advance its second-generation GFPA program. -
M&A Terms
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Venture Investor
Adams Street Partners -
Venture Investor
Latterell Venture Partners -
Venture Investor
Takeda Ventures -
Venture Investor
Shire Pharmaceuticals -
Venture Investor
Undisclosed
