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NeuroRx Lines Up $95 Million for US-China Trials of Suicide-Prevention Drug

publication date: Oct 24, 2019

NeuroRx of Philadelphia signed a funding agreement with GEM Global Yield LLC providing NeuroRx with up to $95 million following its IPO. NeuroRx will use the funds to complete US and China Phase III clinical trials for NRX-101, a treatment for suicidal bipolar depression. The company must also finalize GMP manufacturing for both countries. In the US, the FDA has granted Breakthrough and Fast Track designations to NRX-101. So far, NeuroRx has not scheduled an IPO. More details....

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