Tetra Pharm Technologies secures €9 million in Series A Round to expand R&D Operations

2023-01-26

COPENHAGEN, Denmark, Jan. 26, 2023 /PRNewswire/ -- The Scandinavian Biotech company, Tetra Pharm Technologies has secured €9M in a series A round led by a group of Danish investors. The company, with operations in Copenhagen, Denmark focuses on therapeutics targeting the endocannabinoid system to treat neuropathic pain and mental health disorders.

With the investment, Tetra Pharm Technologies will increase its capacity in Research and Development and expand its commercial operations internationally.

Tetra Pharm Technologies secures €9 million in Series A Round to expand R&D Operations

Preview

来源: PRNewswire

Tetra Pharm Technologies - Laboratory

"We have a promising pipeline of drugs that we believe carries the ability to treat - and potentially cure - health conditions stemming from certain imbalances in the endocannabinoid system. The additional funding enables us to accelerate formulation development and clinical activities", says Dr. Morten Allesø, CSO, Tetra Pharm Technologies.

During 2022, Tetra Pharm Technologies closed several significant distribution deals across their main markets in Europe, and the company expect to release its first product to treat neuropathic pain in February 2023.

"We are delighted to welcome our new investors and look forward to our partnership with them. The investment will create a strong platform to accelerate our current product portfolio and it provides us with an opportunity to finalize the promising drugs we have under development so we can continue to deliver on our mission to improve the lives of patients and their families, by formulating efficient drugs, with a low side-effect profile, at a fair price" added Martin Rose, CEO, Tetra Pharm Technologies.

About Tetra Pharm Technologies

Tetra Pharm Technologies is a Danish Biopharmaceutical company with a mission to improve treatment of neuropathic pain and mental health disorders globally. Its shareholders include leading commercialisation investors, including Leafy Tunnel, Enexis, Rump Invest, Nesroht Holding and Ole GS Holding. For more information, please visit www.tetrapharm.eu

For further information, please contact:

Martin Caspersen: [email protected]; +45 61224241; www.tetra-pharm.com

Photo - https://mma.prnewswire.com/media/1988862/Laboratory.jpg

Logo - https://mma.prnewswire.com/media/1988863/Tetra_Pharm_Technologies_Logo.jpg

SOURCE Tetra Pharm Technologies

更多内容，请访问原始网站

文中所述内容并不反映新药情报库及其所属公司任何意见及观点，如有版权侵扰或错误之处，请及时联系我们，我们会在24小时内配合处理。

机构