With help from Novartis and Sanofi, NeuroVia heads to the clinic armed with a $14M round
The corporate venture arms of Novartis and Sanofi have joined hands to back a $14 million Series A for a virtual startup called NeuroVia, which has a new drug headed for the clinic designed to tackle rare cases of X-linked adrenoleukodystrophy, or X-ALD.
Novartis Venture’s Giovanni Ferrara helped found the company, initially adding a considerable amount to seed the company in 2015 and support the three full timers and platoon of consultants brought in to set things up. Novartis Venture Fund and Sanofi-Genzyme BioVentures co-led the $14 million Series A that’s come together, with contributions from BioMed Ventures and Enso Ventures.
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