Juvenescence receives $50 million to develop anti-aging therapies

| By | Drug Development, Innovative Medicines

Juvenescence Limited, a leader in the development of therapies to slow, halt or potentially reverse aging, has successfully raised $50 million in its Series A financing. The Series A financing was oversubscribed with participation from founders, insiders, institutional investors and family offices.

Since its formation in October 2016, Juvenescence has raised $63 million from a variety of international investors. The company, formed by a seasoned team with a long history of collaboration, is now capitalised to advance all of its core projects. With key milestones targeted over the next 12 months, the company will review future funding requirements to advance its programs, and is currently contemplating a potential listing in 2019.

Based in the British Virgin Islands, Juvenescence has built an outstanding team of researchers and drug developers, led by Dr Declan Doogan and Dr Annalisa Jenkins. The company’s partnership and licensing model targets projects where Juvenescence holds a significant interest in promising novel technologies, using its world-class team to help to shepherd these therapies towards clinical proof of concept and commercialisation.

Juvenescence’s portfolio currently includes: Insilico Medicine, a next-generation artificial intelligence company specialising in the application of deep learning to drug discovery and aging research; Juvenescence AI, a joint venture with Insilico Medicine focused on the clinical development of AI-generated compounds; NetraPharma, a joint venture using artificial intelligence to improve clinical trial design; LyGenesis, a company with technology to use a patient’s own lymph nodes as bioreactors to grow functioning ectopic organs; and AgeX Therapeutics, a company applying intellectual property related to cell immortality and pluripotency to biogerontology.

Juvenescence has signed several deals with the Buck Institute for Research on Aging, a global leader in aging research. Juvenescence is also in advanced negotiations with several other undisclosed research institutions.

SOURCE: businesswire
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