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✨ 𝐍𝐨𝐯𝐨 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 𝐋𝐞𝐚𝐝𝐬 $𝟏𝟎𝟎𝐌 𝐅𝐮𝐧𝐝𝐢𝐧𝐠 𝐟𝐨𝐫 𝐀𝐬𝐜𝐞𝐧𝐞𝐮𝐫𝐨𝐧'𝐬 𝐆𝐫𝐨𝐮𝐧𝐝𝐛𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐀𝐥𝐳𝐡𝐞𝐢𝐦𝐞𝐫'𝐬 𝐃𝐫𝐮𝐠 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟰, With the first wave of #Alzheimer’s drugs hitting the market, investors are keenly seeking the next big advance in #neuroscience R&D. Novo Holdings, the controlling shareholder of Novo Nordisk, has spearheaded a $100 million series C funding round for Swiss-based Asceneuron. Asceneuron’s oral #smallmoleculedrug ASN51 targets intracellular tau, potentially revolutionizing Alzheimer's treatment, according to Novo Holdings' senior partner Naveed Siddiqi, M.D. Following promising phase 1 trials showing ASN51's uptake by the central nervous system and its impact on the OGA enzyme, Asceneuron plans to commence a phase 2 trial in the latter half of this year. Asceneuron aims to leverage ASN51's unique mode of action and oral formulation to compete with current treatments like #Biogen and Eisai’s Leqembi and Eli Lilly and Company’s Kisunla. New investors EQT Life Sciences SV Dementia Discovery Fund (DDF), OrbiMed, and SR One Capital Management, alongside previous backers, joined the funding round. 𝘽𝙧𝙤𝙬𝙨𝙚 𝙖𝙩 𝙤𝙪𝙧 𝙇𝙞𝙣𝙠𝙚𝙙 𝙍𝙚𝙥𝙤𝙧𝙩 👉: https://bit.ly/3V9MqNx #AlzheimersResearch #Neurology #Pharmaceuticals #Biotech #Innovation #Healthcare #Investments #ClinicalTrials #Neuroscience #FutureOfMedicine

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