Pharnext
Pioneering PLEOTHERAPY™ for neurodegenerative diseases
Issy-les-Moulineaux, France · Founded 2007 · $95.3M raised
- Headquarters
- Issy-les-Moulineaux
- Employees
- 11–50
- Founded
- 2007
- Business Model
- B2B
- Website
- pharnext.com
- Total Funding
- $95.3M
- Last Round
- $90.0M Convertible NoteJun 2021
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
About
Pharnext is an advanced clinical-stage biopharmaceutical company founded in 2007 by renowned scientists including Professor Daniel Cohen, a pioneer of modern genomics. The company develops novel therapeutics for orphan and common neurodegenerative diseases — including Charcot-Marie-Tooth disease type 1A, Alzheimer's disease, Parkinson's disease, and ALS — for which there are currently no cures. Pharnext pioneered PLEOTHERAPY™, a new drug discovery paradigm using network pharmacology and genomic data to identify synergistic combinations of already-approved drugs repurposed at optimal doses for new indications. Its lead candidate PXT3003 showed positive Phase 2 and Phase 3 results in CMT1A, and PXT864 generated encouraging Phase 2 data in Alzheimer's disease.
Summary
Pharnext is a Biotech company based in Issy-les-Moulineaux, France, founded in 2007. It has raised $95.3M in total across 2 rounds, most recently a $90.0M Convertible Note round in Jun 2021. Investors include IPF Partners and Truffle Capital.
Funding History
Jun 2021
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Funding: Convertible Note. Amounts, valuations, and investors where available.
Investors
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