Finance

Vandria Secures $20.6M in Series A Funding to Propel CNS Clinical Program and Mitochondrial Therapeutics Development

Published December 15, 2023

Vandria, a pioneering biopharmaceutical firm, has emerged from stealth mode, announcing a significant milestone in its journey to develop innovative therapies for central nervous system (CNS) disorders. The company has successfully completed a $20.6M (CHF18M) Series A financing round, which was led by the esteemed ND Capital. This infusion of capital is set to catalyze the advancement of Vandria's clinical programs, particularly its leading candidate VNA-318, as it takes strides within the realm of mitochondrial therapeutics.

Advancing CNS Therapeutics Through VNA-318

The centerpiece of Vandria's clinical development efforts is its lead candidate, VNA-318, a brain-penetrant mitophagy inducer. This clinic-ready therapeutic has already shown promise, demonstrating its potential to enhance cognitive processes such as memory and learning. With the fresh capital from the Series A round, Vandria plans to escalate VNA-318 into the clinical phase, marking a significant step forward in CNS treatment research.

Focus on Mitochondrial Therapeutics

Mitochondrial dysfunction is a common factor in an array of CNS diseases, which makes Vandria's focus on mitochondrial therapeutics a groundbreaking endeavor. By addressing the underlying issues of mitochondrial health within CNS disorders, Vandria is pioneering a unique approach that could revolutionize the treatment landscape for many patients.

A Strategic Move by ND Capital

The lead on the financial front, ND Capital, has recognized the immense potential in Vandria's work and the broader implications it holds for the pharmaceutical industry. Their decision to lead the Series A financing round underscores a strategic move to invest in cutting-edge science with the potential to deliver significant clinical benefits and shareholder value in the burgeoning field of CNS therapeutics and mitochondrial health.

biopharmaceutical, financing, therapeutics