Finance Watch: Three Neurology-Focused Firms Raise VC Mega-Rounds

With Neuron23, Westlake Unveils Second Start-Up In A Week

Private Company Watch: Neuron23, Neurogene and Locanabio each raised $100m or more, highlighting increased investor interest in novel approaches to neurological diseases. Also, CRO dMed raised $100m and MinervaX brought in $57m for its vaccine to protect newborns. 

Finance Watch

Biopharmaceutical companies developing therapies for neurological diseases are in the midst of a boom, not only in terms of novel approaches to treating intractable diseases but also in terms of attracting large sums of money to fund their research and development programs. Neuron23 Inc., Neurogene Inc. and Locanabio, Inc. each recently revealed new funding totaling $100m or more to fund R&D for neurological and other diseases.

Investors and biopharma executives frequently observe that this is neurology’s heyday, including newly named Sage Therapeutics, Inc. CEO Barry...

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