ADEL
Company

Last deal

$12.4M
Local Amount - KRW 17B

Amount

Series B

Stage

31.07.2024

Date

2

all rounds

$12.4M

Total amount

General

About Company
The company develops drugs for Alzheimer's disease and other neurological disorders.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Adel

founded date

2016

Number of employees

Company Type

For Profit

Last funding type

Series B

IPO status

Private

Description

This spin-off from Asan Medical Center focuses on developing therapeutic and diagnostic agents for neurological diseases, with a particular emphasis on Alzheimer's disease. In 2016, the company completed its incorporation and business registration processes, establishing its presence in the market. It obtained certification as a corporate-affiliated research institute in 2017, solidifying its reputation as a research-driven organization. The company has also been recognized as a leading university start-up by the Ministry of SMEs and Startups. Through collaborations with Oscotech Co., Ltd. and partnerships with various investors, including Kite Entrepreneurship Foundation, Stone Bridge Ventures Co., Ltd., Korea Development Bank, and Stick Ventures Co., Ltd., the company is jointly developing its projects. One of its notable developments is a novel tau antibody for the treatment of Alzheimer's disease.
Contacts