From 5AM's nest, neuroscience startup Nido Biosciences launches with $109M and PhI underway
After almost five years in stealth, precision neuroscience startup Nido Biosciences emerged Monday with $109 million and a Phase I study already in the works.
The biotech, led by former Syros Pharmaceuticals business chief and nearly three-decade Alexion veteran Jeremy Springhorn, is creating new small molecules for neurological diseases and aims to return cells to a healthy state.
The Watertown, MA-based biotech formed in 5AM Ventures’ so-called 4:59 Initiative, which has spawned gene therapy maker Homology Medicines, cell therapy biotech Ensoma and oncology-focused Ideaya Biosciences, among others.
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