KalGene Pharmaceuticals Closes Financing to Support the Clinical Development of its Alzheimer's Therapeutic
TORONTO, ON KalGene Pharmaceuticals announced the closing of a Series A financing to support the advancement of its lead Alzheimer's therapeutic program. The syndicated investment was led by Lumira Capital and included participation from Anges Québec, Anges Québec Capital, Accel-Rx Health Sciences Accelerator and a number of Canadian family offices. In addition to the equity financing the company has also received significant financial support from leading Foundations focused on neurodegenerative diseases. Proceeds from these combined funding sources will support the development of KalGene's lead Alzheimer's therapeutic candidate.
“We’ve followed the development of this program for many years and have been working directly with the team for the last year on this opportunity. During the past year, one of Lumira’s advisors, Dr. John Gillard, joined the company as Vice President Drug Development to advance the lead product to the clinic.”
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