Cadent Therapeutics
AcquiredCadent Therapeutics is a biotech company in Cambridge, United States, founded in 2017. It has raised $40.0M across 1 round, most recently a $40.0M Series B in November 2018.
- Headquarters
- Cambridge, Massachusetts
- Employees
- 11–50
- Founded
- 2017
- Business Model
- B2B
- Website
- cadenttherapeutics.com
- Total Funding
- $40.0M
- Last Round
- $40.0M Series BNov 2018
- Rounds
- 1
- Acquired by
- Novartis AGJan 2021 · $770.0M
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 1 funding round and 6 investors for this company. The full record is or through the API.
About
Cadent Therapeutics was a Cambridge, Massachusetts-based neuroscience company that developed novel therapies targeting NMDA receptors for neurological and psychiatric conditions, including schizophrenia, movement disorders, and treatment-resistant depression. The company was founded in early 2017 through a merger of Luc Therapeutics and Ataxion, and built a pipeline of clinical-stage assets including CAD-9303 (schizophrenia, Phase 1), CAD-1883 (movement disorders, Phase 2), and MIJ821 (treatment-resistant depression). Cadent was acquired by Novartis in a deal announced December 17, 2020 and closed in Q1 2021.
Summary
It lists 11–50 employees. It has raised $40.0M in total across 1 round, most recently a $40.0M Series B round in Nov 2018. Investors include Novartis Venture Fund, Cowen Healthcare Investments and Atlas Venture.
Funding & Exit History
Jan 2021
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Funding: Series B. Amounts, valuations, and investors where available.
Investors
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