Vivoryon Therapeutics AG has raised €43 million from a rights offering and private placement to finance an upcoming Phase 2b study of its lead product for Alzheimer’s disease, PQ912. The product is a small molecule drug that targets an enzyme, glutaminyl cyclase, thought to be responsible for the formation of toxic oligomers in Alzheimer’s disease. The drug has shown promising efficacy signals in an earlier Phase 2a trial – signals that the company hopes to confirm in a larger patient population.
