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NewCo News

GSK Spinout NeRRe Begins with $19M, Neurokinin Drugs

By Nuala Moran
Staff Writer

Wednesday, December 26, 2012
A third spinout has emerged from GlaxoSmithKline plc's neurosciences research portfolio, with the formation of NeRRe Therapeutics Ltd. The new company begins life with a portfolio of four neurokinin-1 receptor antagonists – of which two are ready for Phase II – and £11.5 million (US$18.7 million) in venture capital funding.

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