Synaptogenix, Inc. announced it raised $12.5 Million in an initial filing from an offering of $12.5 Million
Synaptogenix, Inc. announced it raised $12.5 Million in an initial filing from an offering of $12.5 Million
06/29/21, 3:06 PM
Location
new york
Money raised
$12.5 million
Industry
therapeutics
health care
biotechnology
Company Info
Location
1185 avenue of the americas, 3rd floor
new york, new york, united states
Additional Info
Synaptogenix is a clinical-stage biopharmaceutical company that has historically worked to develop novel therapies for neurodegenerative diseases. Synaptogenix has conducted clinical and preclinical studies of its lead therapeutic candidate, Bryostatin-1, in Alzheimer's disease. Preclinical studies have also demonstrated bryostatin's regenerative mechanisms of action for the rare disease Fragile X syndrome, and for other neurodegenerative disorders such as multiple sclerosis, stroke, and traumatic brain injury. The U.S. Food and Drug Administration has granted Orphan Drug Designation to Synaptogenix for Bryostatin-1 as a treatment for Fragile X syndrome. Bryostatin-1 has already undergone testing in more than 1,500 people in cancer studies, thus creating a large safety data base that will further inform clinical trial designs.