Last deal

$2.5M

Amount

Venture - Series Unknown

Stage

23.12.2019

Date

9

all rounds

$63.9M

Total amount

General

About Company
Promentis Pharmaceuticals develops antipsychotic drugs to treat schizophrenia.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Promentis

founded date

01.01.2006

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The Milwaukee-based biopharmaceutical company, founded in 2006, is focused on discovering and marketing first-in-class therapies to treat central nervous system disorders. Their drug development program targets a unique pathway to restore glutamatergic neurotransmission and imbalances in oxidative stress, which are key contributors to impaired cortical function linked to multiple CNS disorders. Their lead compound, SXC-2023, is being developed to treat various psychiatric disorders, with an initial focus on an indication that currently has no FDA-approved treatment and a high level of patient need. The company's mission is to redefine what is possible in the treatment of CNS disorders.
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