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Draig Is All Fired Up To Transform Neuropsychiatric Field

 
• By Kevin Grogan

Wales-based group launches with $140m series A.

Draig's founders (l-r): John Atack, Ruth McKernan and Simon Ward (Draig Therapeutics)

Welsh biotech Draig Therapeutics has come out of stealth backed by an impressive line-up of healthcare investors and led by a highly experienced leadership team as it bids to become a major player in the neuropsychiatric diseases space.

Key Takeaways

Draig is targeting core neurotransmission pathways underlying neuropsychiatric disorders.

The proceeds will fund four clinical studies, two related to the Phase II-stage lead candidate DT-101 in major depressive disorder.

Strong syndicate of investors was led by Access Biotechnology which join seed backers SV Health and ICG.

The company, which was formed in 2024 through a partnership between Cardiff University’s Medicines Discovery Institute and SV Health Investors,...

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