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    Chase Therapeutics Announces $20 Million Series B Financing to Advance Clinical Trials in Parkinson’s Disease and Major Depressive Disorder

    Details:

    The proceeds will support Phase 3 pivotal trials for CTC-501 for the treatment of Major Depressive Disorder (MDD) and CTC-413 for the treatment of Parkinson’s Disease (PD) as well as completion of the development and validation of a diagnostic product for Parkinson’s Disease.


    Lead Product(s): Pramipexole Dihydrochloride

    Therapeutic Area: Psychiatry/Psychology Product Name: CTC-501

    Highest Development Status: Phase IIProduct Type: Small molecule

    Partner/Sponsor/Collaborator: Chinalink Asia Holdings

    Deal Size: $20.0 million Upfront Cash: Undisclosed

    Deal Type: Series B Financing October 20, 2021

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