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The net proceeds will support the development of AV078, a first-in-class CNS penetrant selective mTORC1 inhibitor and prepare for the start of a subsequent Phase 2 clinical trial in adult and pediatric patients with TSC refractory epilepsy.
Lead Product(s): AV078
Therapeutic Area: Rare Diseases and Disorders Product Name: AV078
Highest Development Status: Phase I/ Phase II Product Type: Small molecule
Partner/Sponsor/Collaborator: Hevolution
Deal Size: $50.0 million Upfront Cash: Undisclosed
Deal Type: Financing March 28, 2024