Some of the best con­nect­ed play­ers in the San Diego hub or­ga­nize launch round for an­oth­er biotech with an eye on tri­al da­ta

Mike Grey and his net­work of San Diego-based biotech ex­ecs are for­mal­ly notch­ing a new start­up de­but to­day.

The com­pa­ny is Re­neo Phar­ma­ceu­ti­cals, which drew a syn­di­cate to­geth­er around CEO Niall O’Don­nell with $50 mil­lion to sup­port their on­go­ing work on new treat­ments for ge­net­ic mi­to­chon­dr­i­al dis­eases.

To­day marks their com­ing out par­ty for the com­pa­ny, but the 12-mem­ber team at Re­neo — 7 in the UK and 5 in San Diego — have been hard at it for more than 2 years. They’ve al­ready steered their way to 2 clin­i­cal tri­als, fo­cus­ing on REN001, a PPAR-delta ag­o­nist be­ing used to treat ge­net­i­cal­ly de­fined rare mi­to­chon­dr­i­al dis­eases such as fat­ty acid ox­i­da­tion dis­or­ders — FAOD — and pri­ma­ry mi­to­chon­dr­i­al my­opathies.

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