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Aussie invention wins $100M leg up

Posted 16 April 2024 AM

US-based Seaport Therapeutics has raised $100 million in an oversubscribed Series A round to progress neuropsychiatric drugs based on an Aussie invention.

The round was co-led by ARCH Venture Partners and Sofinnova Investments along with Third Rock Ventures and Seaport founder PureTech Health, which announced the launch of the subsidiary in January.

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