The funding was raised to support two late-stage trials of pridopidine in Huntington Disease (HD) and Amyotrophic Lateral Sclerosis (ALS).
The Series A financing round was led by Forbion and included new investors, Morningside Venture Investments and Sectoral Asset Management. Existing investors Talisman Capital Partners and Genworks 2 also participated in the round. The Series A financing brings the total capital invested in Prilenia since its foundation in September 2018 to $84.5M. As part of this Series A round, a new Dutch Company, Prilenia Therapeutics B.V. has been formed. The new company will hold Israeli subsidiary company Prilenia Neurotherapeutics Ltd.
The NautaDutilh deal team consisted of Ruud Smits, Jeanine Evertse, Eva van Rooijen (Corporate M&A), Elodie Smits, Wijnand Bossenbroek, Marloes van der Laan (Corporate Notarial). NautaDutilh was assisted by Israeli co-counsel Fischer Behar Chen Well Orion & Co.
For more information read Prilenia's press release.