Mitoconix Ltd

Mitoconix Bio is pioneering a disease-modifying strategy of improving mitochondrial functions for treating neurodegenerative diseases.

Business Model:

Revenue: $0

Employees: 1-10

Detailed Mitoconix Ltd Information

Geographic Data

Mitoconix Ltd headquarters map

Address:

City: Jerusalem

State: Yerushalayim

Zip:

Country: Israel

Financial Info

Stage:

series a

Raised Last:

$20M

Raised Total:

$20M

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Description

Mitoconix Bio is pioneering a disease-modifying strategy of improving mitochondrial functions for treating neurodegenerative diseases. Mitochondria generates ATP, the energy source for all cellular activities. Mitochondria are also involved in other essential cellular functions, including calcium sequestration, amino acid and lipid metabolism, keeping balanced redox potential and orchestrating programmed cell death. In neurons in particular, mitochondria are very dynamic organelles that constantly undergo fission (division) and fusion. This process, called mitochondrial dynamics, is critical in maintaining healthy and functional mitochondria under both normal conditions and in response to stress and in ensuring having viable mitochondria along the axons and in the synaptic boutons. A defect in either fusion or fission limits mitochondrial motility, decreases energy production, increases oxidative stress and activates pro-apoptotic signaling thereby promoting cell dysfunction and death. Mitoconix’ lead drug is a first-in-class inhibitor of pathological mitochondrial fragmentation and dysfunction with demonstrated in vivo efficacy in animal models of Huntington’s (HD) and Parkinson’s diseases (PD) and beneficial activity in patient-derived cells of HD, sporadic and genetic PD, and sporadic and genetic Alzheimer’s disease (AD).

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
6/2017 Series A 5 $20M Arix Bioscience
Dementia Discovery Fund
OrbiMed
Remiges Ventures
RM Global Partners
Arix Bioscience
Dementia Discovery Fund
OrbiMed
Remiges Ventures
RM Global Partners
Announced Date Name Price

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