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Fundraisings and IPOs

Date: 2016-09-20

Type of information: Grant

Company: CxCOG consortium (Theranexus, Synerlab Developpement, Lille University Hospital) (France)

Investors: FUI (Fond Unique Interministériel - a French program supporting collaborative research projects)(France

Amount: € 3.2 million ($ 3.6 million)

Funding type: grant

Planned used:

The project CX?COG  will be carried out by Theranexus in collaboration with the team of Prof. Régis Bordet (Lille University, Lille University Hospital, Inserm) and  the  company Synerlab. The project concerns  the  pharmaceutical  formulation  development and  clinical  validation  of the efficacy of THN201 in the treatment of neurocognitive impairment particularly associated with Alzheimer's disease. The  goal  of  the  project  launched  by  Theranexus  is  to  demonstrate  the  clinical  performance  of  an  innovative proprietary  combination  of  donepezil and  an  existing medication that improves the efficacy of this drug fivefold.  The outcome sought from this development is to rapidly strengthen the therapeutic arsenal by inducing a 12 to 18 
month  delay  in  cognitive  decline  and  placement  in  a  care  facility  among  patients  affected  by  neurocognitive 
impairment.  Project CX?COG, which is being coordinated by Theranexus, covers the design and development of combinations of existing medications that have been proven to improve the efficacy of certain neurological and psychiatric treatments.

The  partners  of  the  CxCOG  consortium  now  plan  to  initiate  at  the  earliest  possible  time  the  foreseen characterisation work in in vivo models and, in healthy subjects, of the tolerance and pharmacokinetic parameters  of THN201. Work towards developing an innovative formulation for the product will also be carried out alongside these activities. Once accomplished, these tasks should make it possible to launch a clinical proof?of?concept study within 15 months. The study itself should last 15 months as well.

Others:

* On September  20, 2016,  Theranexus announced that it has received funding from the FUI (French Inter?ministry Fund) for its project CX?COG (FUI AAP22) which has been approved by the competitiveness clusters Lyonbiopôle and Atlanpôle Biothérapies. 

Therapeutic area: Neurodegenerative diseases

Is general: Yes