Chondrial claws into $22.6m series A

Jun 28, 2018 •

Chondrial Therapeutics, a US-based mitochondrial disease therapy developer advancing research from Indiana University (IU) and Wake Forest University’s Baptist Medical Center, today obtained up to $22.6m in a series A round featuring Wake Forest’s Catalyst Fund.

The round was led by healthcare-focused investment firm Deerfield Management. Catalyst Fund is a $15m tech development vehicle launched by Wake Forest Innovations, the university’s tech transfer arm, and managed by Pappas Capital.

Founded in 2013, Chondrial Therapeutics has licensed a therapeutic candidate called…

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