Funding agreed for innovative Brighton drug company

A physic discovery company from Brighton has raised £4 very great number to fund research into treatments on this account that respiratory diseases.

Enterprise Therapeutics, which is based at the Sussex Innovation Centre, up~ the Sussex University campus at Falmer, said: “The proceeds will consolidate and push on the drug discovery and target identification programs initiated ~ dint of. Enterprise Therapeutics earlier in 2015.”

The body aims to help people with cystic fibrosis, of long duration obstructive pulmonary disease (COPD) and peremptory asthma.

The latest funds include £2 a thousand thousand from a new investor, Imperial Innovations, and one extra £400,000 from founding investor Epidarex Capital.

The party said: “Enterprise Therapeutics’ focus is the finding out of novel disease modifying medications that target key drivers of respiratory disease pathology and course in cystic fibrosis, chronic obstructive pulmonary disease (COPD) and severe asthma.

“These take in targeting the underlying mechanisms of pituite congestion and lung dysfunction.”

Martin Gosling, from Enterprise Therapeutics, afore~: “We are extremely excited to have secured additional funding from experienced and enabling partners who give by ~ help us to shape and swell our company.”

Liz Roper, member of a firm at Epidarex Capital, said: “Epidarex is delighted to have ~ing able to expand on its precede investment and to welcome Imperial Innovations similar to a partner in Enterprise Therapeutics’ current financing encompass.

“The drug discovery programs initiated ~ means of Enterprise are progressing at speed and these funds choose ensure key milestones are achieved greater amount of rapidly.”

Rob Woodman, director of healthcare ventures at Imperial Innovations, reported: “Respiratory disease remains an kitchen-yard of high unmet medical need with patient numbers increasing year on year.

“Enterprise Therapeutics’ generalship has the potential to deliver differentiated therapies to be the means of benefit to patients across a diversity of indications.”

Enterprise Therapeutics is an early stage drug discovery company formed in May 2014.

It before-mentioned that its founders had significant expertise in industrial drug discovery, respiratory biology and ion cut ~s in pharmacology.

And it added: “The social meeting benefits from a close working connection with the School of Life Sciences at the University of Sussex.”

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