Feb 27 (Reuters) - Telehealth startup Cerebral said on Monday it is cutting its workforce by about 15% following a year of increased scrutiny and federal investigations into its prescribing practices.
Cerebral Therapeutics Names Julie Foster as Chief Operating Officer
Cerebral Therapeutics has secured cash to get its implanted infusion epilepsy treatment ready for phase 3 development. Lynx1 Capital Management led the series C round, joining with VCs including RA Capital Management and Perceptive Advisors to give Cerebral $40 million to wrap up a midphase study.
AURORA, Colo.--(BUSINESS WIRE)--Cerebral Therapeutics, a clinical-stage pharmaceutical company pioneering therapies for neurological diseases, announced today $40 million in Series C funding led by Lynx1 Capital Management with participation from existing investors RA Capital Management, Perceptive Advisors, Vivo Capital LLC, and Granite Point Capital Management L.P. In conjunction with the financing round, Weston Nichols, Ph.D., Managing Partner of Lynx1 Capital Management and Tim Scannell, former President and COO of Stryker, will join the Board of Directors.
SAN FRANCISCO & LOS ALTOS, Calif.--(BUSINESS WIRE)-- Cerebral, Inc. andAlto Neuroscience, Inc today announced a partnership to launch the first-ever decentralized clinical study in precision psychiatry, thereby accelerating the development and deployment of effective treatments in mental healthcare. Through the collaboration, Cerebral is able to offer its network of members the opportunity to participate in at-home clinical research utilizing Alto’s biomarker platform and targeted drug candidates. The study aims to serve Cerebral members who have been unresponsive to existing therapies in major depressive disorder by providing access to Alto’s precision approach that considers an individuals’ unique biology in treatment. Data from the first Phase 2 study within the collaboration is expected to read out by the end of 2022.
SAN FRANCISCO & LOS ALTOS, Calif.--(BUSINESS WIRE)--Cerebral, Inc. and Alto Neuroscience Inc. today announced a partnership to launch the first-ever decentralized clinical study in precision psychiatry, thereby accelerating the development and deployment of effective treatments in mental healthcare. Through the collaboration, Cerebral is able to offer its network of members the opportunity to participate in at-home clinical research utilizing Alto’s biomarker platform and targeted drug candidates. The study aims to serve Cerebral members who have been unresponsive to existing therapies in major depressive disorder by providing access to Alto’s precision approach that considers an individuals’ unique biology in treatment. Data from the first Phase 2 study within the collaboration is expected to read out by the end of 2022.
Cerebral Therapeutics, Inc., a clinical-stage pharmaceutical company developing innovative treatments for neurological disease, has appointed Guy Anthony as Chief Financial Officer.
AURORA, Colo.--(BUSINESS WIRE)-- Cerebral Therapeutics, Inc., a clinical-stage pharmaceutical company developing innovative treatments for neurological diseases, today announced that the first patient has been enrolled in a Phase 2b study of intracerebroventricular drug delivery of the anti-seizure medication CT-010 in patients with medically refractory epilepsy. The trial is enrolling adult epilepsy patients with temporal lobe onset, with or without secondary generalized seizures.
AURORA, Colo.--(BUSINESS WIRE)--Cerebral Therapeutics, Inc., a clinical-stage pharmaceutical company developing innovative treatments for neurological diseases, today announced that the first patient has been enrolled in a Phase 2b study of intracerebroventricular drug delivery of the anti-seizure medication CT-010 in patients with medically refractory epilepsy. The trial is enrolling adult epilepsy patients with temporal lobe onset, with or without secondary generalized seizures.