Neurophth Therapeutics, Inc., a gene therapy company for ophthalmic diseases, reported the closing of nearly $95 million in Series C+ financing. The round was co-led by Yangtze River-CMB International Industry Fund, Wuhan Optical Valley Financial Holding Group, Wuhan Hi-Tech Holding Group, Hubei KTLC and Guangzhou Jinkong Fund. The raised funds will be directed towards advancing clinical trials for Neurophth's core products, enhancing the firm's R&D capabilities, and expanding its pipeline.
Neurophth Receives IND Clearance from FDA for AAV-ND1 Gene Therapy of LHON
Cyagen and Neurophth Therapeutics have entered a strategic partnership to jointly develop next-generation AAV gene therapy vectors for specific kinds of genetic ophthalmic ailments.