Neumora Launches With $500m To Advance Personalized Neuroscience Drugs

Funding Includes $100m Under New Amgen Deal

Combining biological insights with data science, the start-up emerges from stealth mode after two years of assembling its technology platform and R&D pipeline based on internal and external know-how.

Venture capital; Businessman pressing virtual screen inscription — Neumora raised more than $400m to build the company at scale and develop multiple programs at once • Source: Alamy

Neumora Therapeutics Inc. came out of stealth mode on 7 October with more than $500m in initial financing to fund its platform for the discovery and development of precision medicines in neurological and neuropsychiatric diseases, as well as an initial pipeline of eight preclinical and clinical product candidates. The platform combines biological insights with data science capabilities to develop therapies for the patient subpopulations most likely to respond to treatment.

Amgen, Inc. supplied $100m of the two-year-old start-up’s new funding under a collaboration agreement also announced on 7 October that gives Neumora a global license to two Amgen drug candidates and access to data mined by the firm’s deCODE genetics

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

Start your 7-day free trial
Explore trusted news, analysis, and insights
Access comprehensive global coverage
Enjoy instant access – no credit card required

Start Free Trial

Already a subscriber?

Switzerland Biopharma To Stay Strong Despite More Cash Going To US And China

06 May 2025

• By Kevin Grogan

The sector is continuing to show resilience despite financial and market challenges.

Finance Watch: Unity Lays Off All Employees As It Evaluates Alternatives

05 May 2025

• By Mandy Jackson

Restructuring Edition: Unity unveiled more Phase IIb data for lead asset UBX1325 along with plans to shed its workforce while seeking a partner for it and other drugs. Also, Ono is consolidating US employees at one site, Entrada is cutting its workforce by 20% and other recent strategic shifts.

Finance Watch: Biohaven Gains Up To $600m In Fresh Capital

02 May 2025

• By Mandy Jackson

Public Company Edition: Biohaven secured $250m up front from Oberland Capital to support its future US troriluzole launch after pulling its EU filing. Also, Procaps arranged $130m in private equity and Rezolute grossed $96.9m in a rare follow-on offering, among other financings.

Scrip M&A Podcast: Will FDA Staff Cuts Impact Biopharma Dealmaking?

01 May 2025

• By Joseph Haas

Attorneys Andrew Goodman and Alan Minsk, as well as Naya CEO Daniel Teper, discussed the ramifications of US FDA staff cuts on M&A activity with Scrip senior writer Joseph Haas.

Lilly And Alchemab Tap Into Resilient Individuals To Develop ALS Drug

06 May 2025

• By Andrew McConaghie

The pharma company is helping to validate the biotech’s model by developing a novel amyotrophic lateral sclerosis candidate, based on its novel approach that ‘turns drug discovery on its head’.