.
MergerLinks Header Logo

New Deal


Announced

Completed

Medical Excellence Capital led a $15m Series A funding round in ProJenX.

Financials

Edit Data
Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

biotechnology

clinical-stage

Private

Private Equity

Single Bidder

United States

Pharmaceuticals

Venture Capital

Domestic

brain-penetrant therapies

Acquisition

Minority

Completed

Friendly

Synopsis

Edit

Medical Excellence Capital, an early-stage life sciences venture fund, led a $15m series A funding round in ProJenX, a clinical-stage biotechnology company developing novel, brain-penetrant therapies targeting biologically-defined pathways for the treatment of amyotrophic lateral sclerosis and other debilitating brain diseases. "We are focused on accelerating the development of prosetin to meet the critical need for new treatments for people living with ALS. We are encouraged by the therapeutic window emerging from our phase 1 trial and ongoing nonclinical studies and are looking forward to advancing prosetin to people living with ALS in early 2024. We are also thrilled to welcome Rick to our board and know that he will add tremendous value given his extensive global commercial and business development experience at Merck," Stan Abel, ProJenX President and CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US