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Acumen Pharmaceuticals 4435 North First Street 94551 Livermore, California, United States http://www.acumenpharm.com
Contact Mr William F. Goure +1 925-368-8508
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Acumen Pharmaceuticals

Acumen Pharmaceuticals Inc. Announces First Close of Series A Financing

Proceeds will fund lead-drug candidate ACU-193 to proof of concept in Alzheimer's disease

(PresseBox) (Livermore, California, )
Acumen Pharmaceuticals, Inc., today announced it has completed a first closing of a $20 million Series A financing led by BVF Partners L.P. (BVF), a leading life sciences investment firm which manages the Biotechnology Value Fund, L.P. NeuroVentures Fund, L.P., Praxis Technologies, Glynn Ventures and private investors also participated in the closing.

Acumen will use the Series A proceeds to fund preclinical and potentially early clinical development of ACU-193, a monoclonal antibody that selectively binds to and captures soluble oligomers of the amyloid-beta peptide. ACU-193 could demonstrate clinical proof of concept in Alzheimer's disease by 2016.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.