Thank you to RiverVest Venture Partners for raising further awareness around Mental Health Awareness Month and featuring Engrail Therapeutics in their most recent /EXPERT INSIGHTS article! Check out the full Q&A piece here: https://lnkd.in/grw49GWw
#Anxiety is an epidemic. According to World Health Organization (#WHO) estimates, anxiety affects more than 300 million people worldwide and is the most common of all mental health disorders. Despite the prevalence and impact of anxiety, there is a lack of effective, non-habit-forming medicine for treating chronic anxiety disorders. RiverVest portfolio company Engrail Therapeutics is working to address that high unmet need. During Mental Health Awareness month, we spoke with Vikram Sudarsan, Ph.D., founder and CEO of Engrail, about the prevalence of anxiety disorders, the challenges in treating them, and the potential for the company’s novel drug therapeutic ENX-102 now in a Phase 2 clinical study for treating generalized anxiety disorder (#GAD). Read RiverVest's latest Expert Insight to learn about Engrail Therapeutics and ENX-102, a positive allosteric modulator that selectively targets specific subunits of the GABA receptor to overcome the side-effects posed by benzodiazepines while maintaining efficacy that SSRIs and SNRIs are unable to achieve. Engrail is a clinical-stage pharmaceutical company with the aspiration of becoming a leader in neuroscience. Its purpose is to deliver transformational therapies that improve the lives of patients with neuropsychiatric and neurodevelopmental diseases. In March 2024, the company closed on an oversubscribed $157 million Series B financing round co-led by new investors F-Prime Capital, Forbion, and Norwest Venture Partners, with participation from RiverVest Venture Partners, Red Tree Venture Capital, funds managed by abrdn, Ysios Capital, Longwood Fund, Eight Roads Ventures, and existing founding investor Pivotal Life Sciences. Since its inception in 2019, Engrail has raised over $220 million. Niall O'Donnell Isaac Zike Ph.D. Anil Vootkur #mentalhealth #MentalHealthAwarenessMonth #generalizedanxietydisorder #benzodiazepines #SSRIs #neuroscience #anxiety #neuropsychiatry