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GSK Spin-Out NeRRe Raises £23m For NK Antagonists

 
• By Sukaina Virji

New cash will fund further clinical testing of NeRRe's two neurokinin receptor antagonists for cough and hot flashes.

NeRRe Therapeutics Ltd., which is developing a portfolio of neurokinin (NK) receptor antagonists for the treatment of conditions caused by neuronal hypersensitivity, has raised £23m ($28.4m) in an oversubscribed Series B financing round.

New investors Fountain Healthcare Partners, Forbion Capital Partners and Orbimed joined existing investors Advent Life Sciences and Novo A/S.

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