Langer lab spinout Lyndra raises $60.5M in bid to replace existing HIV, schizophrenia, opioid abuse treatments
Two months after unveiling Phase II data for their long-acting schizophrenia pill, Lyndra Therapeutics has raised a $60.5 million Series C to push it through a pivotal trial.
The new round, led by the VC arm of insurance giant AIG, brings Lyndra’s total funding to over $160 million as they look to reformulate existing daily pills into weekly pills. It will be immediately used to fund a Phase III study for LYN-005, a weekly form of the decades-old antipsychotic risperidone.
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