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Details:
The net proceeds will be used by the company to focus on its FREE001, a ketamine treatment that’s been demonstrated in clinical trials to have more durable effects than ketamine.
Lead Product(s): Ketamine Hydrochloride
Therapeutic Area: Psychiatry/Psychology Product Name: FREE001
Highest Development Status: Phase IIProduct Type: Small molecule
Partner/Sponsor/Collaborator: LongeVC
Deal Size: Undisclosed Upfront Cash: Undisclosed
Deal Type: Financing February 14, 2023
Details:
The new financing will help the company advance its current lead ketamine program as well as further multiple additional exploratory programs. Program FREE001 is a ketamine treatment that’s been demonstrated in clinical trials to have more durable effects than ketamine.
Lead Product(s): Ketamine Hydrochloride
Therapeutic Area: Psychiatry/Psychology Product Name: FREE001
Highest Development Status: Phase IIProduct Type: Small molecule
Partner/Sponsor/Collaborator: MBX Capital
Deal Size: $10.5 million Upfront Cash: Undisclosed
Deal Type: Financing August 23, 2022
Details:
The company will use the net proceeds to focus on its FREE001, a ketamine treatment that’s been demonstrated in clinical trials to have more durable effects than ketamine.
Lead Product(s): Ketamine Hydrochloride
Therapeutic Area: Psychiatry/Psychology Product Name: FREE001
Highest Development Status: Phase IIProduct Type: Small molecule
Partner/Sponsor/Collaborator: MBX Capital
Deal Size: $10.5 million Upfront Cash: Undisclosed
Deal Type: Financing August 23, 2022