Korsana Therapeutics secures $175 million in venture funding from Wellington, Sanofi Ventures, and J.P. Morgan to advance its Alzheimer's treatment, originally developed by Paragon Therapeutics. This significant investment highlights the growing interest in innovative therapies for neurodegenerative diseases.
Backed by Wellington, Sanofi Ventures and a division of J.P. Morgan, Korsana Therapeutics is studying a treatment originally developed by hub-and-spoke biotech Paragon Therapeutics.
Original title: “An Alzheimer’s startup emerges with $175M in venture backing”