CONNECTA Therapeutics secures €3.1M to advance CTH120, a TrkB modulator, into mid-stage trials for Fragile X syndrome. This funding will support the development of a treatment for a rare neurodevelopmental disorder with no approved therapies.
CONNECTA Therapeutics secures €3.1M funding to advance CTH120, a TrkB modulator, into mid-stage trials for Fragile X syndrome treatment. Read more. CONNECTA TherapeuticsCTH120Fragile X syndromeTrkB modulatorclinical trial fundingrare diseaseneuroplasticityBarcelona biotechFXS treatmentneurodevelopmental disorder In parallel, CONNECTA is advancing preparations for a pediatric development programme under the FRAXCURE project, co-funded by the European Innovation Council. CEO Jordi Fàbrega said the company expects Phase IIa data in mid-2027 to represent a meaningful step in demonstrating CTH120's potential to address the underlying biology of the disease. Barcelona-based CONNECTA Therapeutics has closed a EUR 3.1 million (USD 3.4 million) financing round to support the clinical development of CTH120, its small-molecule neuroplasticity modulator in Fragile X syndrome (FXS), a rare neurodevelopmental disorder for which no approved targeted therapies currently exist. The round was led by Clave Capital, a new investor entering via its Innvierte Science Tech Clave Innohealth, F.C.R. fund, with participation from existing backers Inveready, CDTI Innvierte, and the Prous Institute for Biomedical Research. The financing follows a EUR 1.7 million seed round raised in 2020 led by Inveready and CDTI Innvierte, and complements substantial non-dilutive funding the company has secured over the same period, including a EUR 2.7 million grant from the Spanish Ministry of Science and the European Union's NextGeneration EU programme to fund the Phase IIa trial directly.
Original title: “CONNECTA raises EUR 3.1m to advance TrkB modulator into mid-stage Fragile X trial”