TrueBinding, a California startup addressing Alzheimer’s from a different angle than most other biotechs, has secured more than $50 million in additional capital. But it’s also gone through two rounds of layoffs in recent weeks, according to LinkedIn posts.
FOSTER CITY, Calif., March 14, 2023 /PRNewswire/ -- TrueBinding, Inc.— a clinical-stage biotherapeutic company creating new and exciting molecules for applications in neurodegenerative and other disease areas with great unmet needs— announced today that the company has been granted a Type B End-of-Phase 2 (EOP2) meeting with the U.S. Food & Drug Administration (FDA). The meeting will occur in April 2023 and promote discussion of a rapid development pathway for TrueBinding's TB006— a novel antibody for treating Alzheimer's Disease— and allow the company to receive guidance from the FDA on successfully expediting its programs.
Novel antibody, TB006, demonstrated improvements in cognition and function and was well tolerated in a one-month Phase 1b/2 trial in mild to severe Alzheimer’s disease (AD) patientsTB006 also...