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Reneo Reveals $50m Series A, Mitochondrial Disease Development Plans

 
• By Mandy Jackson

The start-up run by ex-Lumena leadership is testing REN001 for rare genetic mitochondrial diseases with two Phase Ib trials under way and plans to start a third later this year.

Hand man doing finances and calculate on desk about cost at home office.
Reneo will run three trials with its $50m in series A cash. • Source: Shutterstock

Reneo Pharmaceuticals Inc. has been developing REN001 for rare genetic mitochondrial diseases for more than a year. But now that it has two clinical trials under way and a third planned to start later this year, the firm came out of stealth mode on 20 May to announce its $50m series A venture capital financing.

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