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Psilera Secures $8.8M

Recently funded · $8.8M SeedHospitals and Health CareUSView source

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A biotechnology company focused on developing better therapeutics for neurological conditions, Psilera, has closed an $8.8M Seed funding round. The investment marks a significant step for the firm, which has been dedicated to early-stage drug discovery and development since its founding in 2019.

Psilera was established by scientists with a mission to address disorders such as dementia, addiction, and various mental health challenges. Its team comprises experts across synthetic chemistry, pharmacology, clinical development, and business development, driving its research forward.

Psilera: $8.8 Million Seed Round Closed To Advance Neuroplastogen PSIL-006 Into Clinical Trials: Psilera announced the closing of an oversubscribed $8.8 million Series Seed extension funding round led by a syndicate of institutional and strategic investors.

The company said the capital will be used to advance its lead clinical asset, PSIL-006, toward first-in-human trials targeted for 2027. The post Psilera: $8.8 Million Seed Round Closed To Advance Neuroplastogen PSIL-006 Into Clinical Trials appeared first on Pulse 2.0.

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