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Stock impact report

Augustine secures $85m to advance Charcot-Marie-Tooth candidate [Yahoo! Finance]

Tenaya Therapeutics, Inc. (TNYA) 
Company Research Source: Yahoo! Finance
Novo Holdings and Jeito Capital co-led the $85m round, with participation from Asabys Partners, Eli Lilly, AdBio partners, V-Bio Ventures, PMV, VIB, Gemma Frisius Fund, the US-based CMT Research Foundation and Newton Biocapital. This follows an initial €17.5m round led by Asabys Partners in July 2024. The new funding will primarily support the clinical advancement of Augustine's lead candidate, AGT-100216. Augustine's approach focuses on inhibiting the cytosolic histone deacetylase 6 (HDAC6) enzyme, which plays a key role in neurodegeneration and aging-related cellular processes. The company's scientific foundation is based on the research of Professor Ludo Van Den Bosch from the VIB-KU Leuven Center for Brain and Disease Research, Read more
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