Cereius radios investors for $6.5m series A

Jul 27, 2018 •

Duke University spinout Cereius has signed up BioInnovation Capital to its series A round as it looks to commercialise a radiotherapeutic approach for brain tumours.

Cereius, a US-based brain tumour treatment spinout from Duke University, closed a $6.5m series A round on Wednesday led by venturing firm BioInnovation Capital with contributions from unnamed private investors.

The spinout has also obtained a $250,000 loan from state-backed research agency North Carolina Biotechnology Center.

Founded in 2017, Cereius is developing a radiotherapeutic approach for solid metastasis tumours in the brain. The technique bypasses the blood-brain barrier, a semi-permeable membrane that separates blood in the brain from fluids elsewhere…

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