Finance Watch: LSP Dementia Fund Closes With €260m For Neurodegenerative Diseases

Resilience Raises $410m In US Government Funding

EQT Life Sciences completed the final close of its inaugural LSP Dementia Fund, far surpassing an initial $100m fundraising goal. Also, Resilience received a $410m commitment from the Department of Defense to fund biomanufacturing and Viking cashed in on Phase I obesity data with a $250m offering.

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Alzheimer’s disease is top of mind due to the millions of people in need of effective treatments and the rapid rise in the AD population globally – and because the first disease-modifying therapy has been approved in the US to slow the progression of the disease. It comes as no surprise then, with additional drug developers racing to bring similar or additive therapies to market after the US Food and Drug Administration approval of Eisai Co., Ltd./Biogen, Inc.’s Leqembi (lecanemab), that a new venture capital fund focused on start-ups tackling neurodegenerative diseases closed with more than double the money it initially set out to raise. (Also see "Eisai/Biogen’s Leqembi Will Launch Below Aduhelm At $26,500 Per Year" - Scrip, 6 January, 2023.)

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