RE: Good press coverage20 Feb 2024 01:09
Https://chambers.com/articles/stalicla-secures-usd-17-4m-in-series-b-financing-to-propel-precision-neuro-advancements
HIGHLIGHT15 February 2024
Niederer Kraft Frey advised Stalicla on its series B financing.
Stalicla SA, a clinical-stage biopharmaceutical company advancing precision medicine pipelines for neuropsychiatric and neurological disorders has successfully completed the first closing of its series B financing round, securing USD 17.4 million.
Led by SPRIM Global Investments Pte, Ltd, with key participation from core investors, this financing includes a USD 3.8 million credit facility.
The proceeds will be utilised for: (i) preparation of Stalicla’s pioneering precision Autism Spectrum Disorder (ASD) Phase 2 trial – STP1; (ii) the establishment of its STP7 mGluR5 Negative Allosteric Modulator (mGluR5 NAM) platform, including the launch of a Phase III study in Substance Use Disorders (SUDs) slated for 2025, fully supported by the NIH /National Institute on Drug Abuse; (iii) the ramp up of its ongoing bio sampling/patient identification trial STA-B-001 currently enrolling in sites in the USA, Spain and Australia. Alongside these key developments, Stalicla will further strengthen the package supporting its second precision ASD asset, STP2.