Global Emerging Markets Announces Initial Investment in Relief Therapeutics SA

Global Emerging Markets Announces Initial Investment in Relief Therapeutics SA

Global Emerging Markets (“GEM”) announces today completion of an initial tranche of funding into and Relief Therapeutics SA (“Relief”) as part of a planned total €2.5 million Series A round, aimed at planning clinical development activities for its lead drug candidate atexakin alfa.

Atexakin alfa is an experimental drug ready to enter clinical testing in patients addressing an unmet medical need in diabetic neuropathy (“DN”). Currently, no similar drugs are approved, while the market for DN-related drugs is expected to increase to USD 4.1 billion by 2019. Existing treatments only address symptoms of DN, Relief’s atexakin alfa, instead, addresses physical regeneration, which could lead to quality-of-life improvement in 40-60% of the >300 million diabetics suffering DN worldwide.

Source: Businesswire

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