Founded in 2004 by Ari Azhir and Michael McGrath, Neuraltus Pharmaceuticals is a biopharmaceutical company that focuses on developing innovative therapeutics for critical unmet needs for neurodegenerative diseases such as Amyotrophic Lateral Sclerosis (ALS), Lou Gehrig's disease, Parkinson's disease, Alzheimer's disease, Fabry's disease, and Gaucher's disease.
The company designs and conducts clinical-stage programs and studies on novel molecules meant to be new approaches to treating the above mentioned conditions.
Neuraltus Pharmaceuticals is located in Palo Alto, California and it collaborates with global medical specialists and patient advocacy organizations to gain a better understanding of the needs of both medical doctors and patients affected by these diseases.
The nature of their research work has helped Neuraltus Pharma raise millions of dollars to fund their Phase II trials, as well as their other clinical studies on these novel molecules that aim to reverse or alleviate some effects of Amyotrophic Lateral Sclerosis.
Since its inception, the company has organized multiple funding rounds. Their investors chose equity, option/warrants and preferred stock with warrants as funding forms. VantagePoint Capital Partners and Latterell Venture Partners are their most recent investors.
Neuraltus Pharma owns 14 registered patents in the ‘Medical Or Veterinary Science; Hygiene' category. According to PrivCo, in 2016 the biopharmaceutical company had a post-money valuation between $100M and $500M.
The company publishes the results of their research work on medical news websites and in reputable medical journals. One of their latest studies was a Confirmatory Phase 2 Study of NP001, an investigational therapy targeting ALS sufferers with high levels of systemic inflammation.
The objective of this study was to assess the safety, the tolerability and the preliminary efficacy of the therapy versus placebo. This is only one example of the efforts made by Neuraltus Pharmaceuticals towards the development of innovative treatments to address some of the biggest problems of these patients.
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