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Tranquis Therapeutics Launches with $30 Million Series A Funding to Advance Novel Immuno-Neurology Approach to Treating Neurodegenerative and Aging-related Diseases

Jul 09, 2020•about 5 years ago

Amount Raised

$30 Million

Round Type

series a

San Mateo

Description

Tranquis Therapeutics, a private immuno-neurology company, launched today with $30 million in Series A funding committed to the discovery and development of innovative medicines with the potential to revolutionize the management of neurodegenerative and aging-related diseases. The financing was co-led by Remiges Ventures and SR One, and included participation from Vivo Capital, Hillsborough Venture, Correlation Ventures and other investors. The company’s novel therapeutic approach stems from groundbreaking research at the Stanford laboratory of Professor Edgar Engleman, MD, Tranquis’ scientific founder, which indicates that myeloid immune cell dysfunction underlies a variety of nervous system disorders such as Amyotrophic Lateral Sclerosis (ALS), Frontotemporal Dementia (FTD), Parkinson’s Disease (PD), Alzheimer’s Disease (AD), and age-related neuropathology.

Company Information

Company

Tranquis Therapeutics

Location

San Mateo, California, United States

About

Tranquis Therapeutics is discovering and developing innovative medicines with the potential to revolutionize the management of neurodegenerative and aging-related diseases and to dramatically reduce the burden these illnesses place on patients, families and societies worldwide. Founded on groundbreaking neuro-immunology research from the laboratory of Professor Edgar Engleman, MD, at Stanford University, Tranquis’ novel therapeutic approach targets underlying myeloid immune cell dysfunction that has been linked to a variety of nervous system disorders. The company’s portfolio is comprised of small molecules which cross the blood-brain barrier, and the lead therapeutic candidate has demonstrated highly encouraging effects in challenging preclinical models of Amyotrophic Lateral Sclerosis (ALS), Frontotemporal Dementia (FTD), Parkinson’s Disease (PD), and age-related cognitive impairment. Tranquis plans to initiate development in orphan neurodegenerative diseases such as ALS and FTD and later expand into more prevalent diseases such as PD and Alzheimer’s Disease. For more information, visit www.tranquis.com.

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