NeurOp

NeurOp

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Private Company

Total funding raised: $40M

Overview

NeurOp is a private, clinical-stage biotech leveraging deep expertise in NMDA receptor pharmacology to develop novel treatments for severe CNS conditions. Founded by leading academic neuroscientists from Emory and Duke, the company has advanced its lead compound, NP10679, into Phase 1 trials with initial targets of peri-operative pain and subarachnoid hemorrhage, the latter having received FDA Orphan Drug Designation. NeurOp operates with a lean, advisor-supported model, focusing on precise subunit targeting of the NMDA receptor to improve efficacy and safety over previous non-selective approaches in this challenging target class.

PainStrokeSubarachnoid HemorrhageTreatment-Resistant Depression

Technology Platform

Design of small molecules that selectively target specific subunits of the NMDA (N-methyl-D-aspartate) receptor to modulate pathological activity while minimizing side effects associated with broad receptor antagonism.

Funding History

2
Total raised:$40M
Series B$25M
Series A$15M

Opportunities

The FDA Orphan Drug Designation for NP10679 in SAH provides a accelerated development pathway and potential market exclusivity.
The large, underserved markets for non-opioid pain relief and neuroprotection in stroke/SAH represent multi-billion dollar opportunities for a successful therapy.

Risk Factors

High clinical risk associated with NMDA receptor modulation and a concentrated pipeline reliant on a single lead candidate.
As a private, pre-revenue company, NeurOp faces significant financing risk to advance through costly clinical trials.

Competitive Landscape

The NMDA receptor target is well-known but challenging, with past failures of non-selective drugs. NeurOp competes with numerous companies developing non-opioid analgesics and neuroprotective agents across different mechanisms. Its subunit-selective approach aims to differentiate on safety and efficacy.