Gate Neurosciences
Date | Investors | Amount | Round |
---|---|---|---|
N/A | $1.1m | Debt | |
N/A | $15.0m | Debt | |
* | $25.0m | Early VC | |
Total Funding | CAD34.1m |
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Recent News about Gate Neurosciences
EditGate Neurosciences is a biotech startup that focuses on developing innovative treatments for central nervous system (CNS) diseases. The company's mission is to provide a new generation of safe, potent, and rapid-acting therapies for the nearly 1 billion people globally who suffer from neuropsychiatric and cognitive disorders.
Gate Neurosciences operates in the biotech and healthcare market, serving patients with CNS disorders, including depression. The company's business model revolves around the development and commercialization of novel therapies that enhance synaptic function, which is the biological basis for many CNS disorders.
The company's primary revenue stream is expected to come from the sale of its therapeutic candidates once they have been approved for use. Their lead program, zelquistinel, is an oral NMDAR PAM (a type of drug that enhances the function of the NMDA receptor in the brain) that has shown promising results in a Phase 2a study for Major Depressive Disorder. The next Phase 2 study is set to be initiated in 2023.
The team at Gate Neurosciences, led by President and CEO Michael G. McCully, has decades of experience in researching CNS disease biology and improving the treatment of CNS disorders. This deep expertise positions the company well for meaningful innovation in the field.
Keywords: Biotech, Healthcare, Central Nervous System, Neuropsychiatric Disorders, Cognitive Disorders, Synaptic Function, Therapeutic Candidates, NMDAR PAM, Major Depressive Disorder, Clinical Trials.