AstronauTx closes £48 million ($61 million) Series A financing to create new treatments for Alzheimer’s disease
- AstronauTx is a biotech company developing new treatments for neurodegenerative conditions based on amplifying the brain’s own physiological protective mechanisms
- Proceeds of the financing will be used to advance a portfolio of programmes and take the lead molecule into clinical trials
- The syndicate, led by the Novartis Venture Fund, also includes MPM Capital, Brandon Capital, EQT Life Sciences, Bristol Myers Squibb and current insider the Dementia Discovery Fund
