Magnolia Neurosciences - About the company
Magnolia Neurosciences is a deadpooled company based in New York City (United States), founded in 2018. It operates as a Developer of therapies for treating neurodegenerative diseases and neuronal injuries. Magnolia Neurosciences has raised $31M in funding from investors like Arch Venture Partners, AbbVie and Alexandria. The company has 458 active competitors, including 161 funded and 81 that have exited. Its top competitors include companies like Denali Therapeutics, Fulcrum Therapeutics and Annexon.
Company Details
Magnolia Neurosciences is developing neurodegenerative diseases and neuronal injuries. They are developing their lead candidate (proprietary neuroprotective therapy) for the prevention of neuronal cell death. The candidate is in phase I clinical trial. The company is planning to initiate the phase IIa clinical trial in the second half of 2019.
- Website
- magnolianeurosciences.com
- Email ID
- *****@magnolianeurosciences.com
Key Metrics
Founded Year
2018
Location
New York City, United States
Stage
Deadpooled
Total Funding
$31M in 1 round
Latest Funding Round
Investors
Ranked
211th among 458 active competitors
Employee Count
6 as on Jul 01, 2024
Similar Companies
Legal entities associated with Magnolia Neurosciences
Magnolia Neurosciences is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MAGNOLIA NEUROSCIENCES CORPORATION CIN: - , Belgium, Active | Apr 17, 2018 | - | - | - |
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Magnolia Neurosciences's funding and investors
Magnolia Neurosciences has raised a total funding of $31M over 1 round. Its latest funding round was a Series A round on Aug 13, 2018 for $*****. 10 investors participated in its latest round. Magnolia Neurosciences has 12 institutional investors.
Here is the list of recent funding rounds of Magnolia Neurosciences:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 13, 2018 | 8303120 | Series A | 4299901 | 2539867 | 1329523 | 2508756 |
View details of Magnolia Neurosciences's funding rounds and investors
Magnolia Neurosciences' founders and board of directors
Founder? Claim ProfileMagnolia Neurosciences' employee count trend
Magnolia Neurosciences has 6 employees as of Jul 24. Here is Magnolia Neurosciences's employee count trend over the years:
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Magnolia Neurosciences's Competitors and alternates
Top competitors of Magnolia Neurosciences include Denali Therapeutics, Fulcrum Therapeutics and Annexon. Here is the list of Top 10 competitors of Magnolia Neurosciences, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Denali Therapeutics 2015, San Francisco (United States), Public | Developer of therapies to treat neurodegenerative diseases | $347M | 72/100 | |
2nd | Fulcrum Therapeutics 2015, Cambridge (United States), Public | Developing small molecules for control mechanisms and genes regulation for the treatment of rare diseases | $115M | 70/100 | |
3rd | Annexon 2011, San Francisco (United States), Public | Developer of antibodies to treat complement-mediated neurodegenerative diseases | $256M | 67/100 | |
4th | Regenxbio 2008, Rockville (United States), Public | Developer of AAV Gene Therapy for rare genetic diseases | $108M | 67/100 | |
5th | Alector 2013, San Francisco (United States), Public | Developing immuno-modulatory therapies for dementia and other neurodegenerative disorders | $215M | 65/100 | |
6th | MeiraGTx 2015, New York City (United States), Public | Developer of gene therapies for ocular and neurodegenerative diseases | - | 65/100 | |
7th | Alchemab 2019, London (United Kingdom), Series A | Developer of antibody therapeutics for treating oncology and neurodegenerative conditions | $149M | 64/100 | |
8th | Mission Therapeutics 2011, Cambridge (United Kingdom), Series D | Developer of small molecule inhibitors targeting specific disease associated enzymes | $192M | 64/100 | |
9th | D&D Pharmatech 2014, Seongnam-si (South Korea), Public | Developer of GLP-1-based therapeutics for metabolic disease treatment | $205M | 64/100 | |
10th | US World Meds 2001, Louisville (United States), Series B | Developer of therapeutics for the treatment of multiple diseases | $149M | 63/100 | |
211th | Magnolia Neurosciences 2018, New York City (United States), Deadpooled | Developer of therapies for treating neurodegenerative diseases and neuronal injuries | $31M | 33/100 |
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Magnolia Neurosciences's Investments and acquisitions
Magnolia Neurosciences has made no investments or acquisitions yet.
Reports related to Magnolia Neurosciences
Here is the latest report on Magnolia Neurosciences's sector:
News related to Magnolia Neurosciences
•
Magnolia Neurosciences Corporation Announces that its Subsidiary Receives $20 Million CPRIT Grant to Develop Novel Therapies to Treat Chemotherapy-Induced Neurological ConditionsBusiness Wire•Aug 27, 2018•Magnolia Neurosciences
•
Accelerator Life Science Partners Launches Magnolia Neurosciences Corporation with $31 Million Series A to Develop Targeted Neuroprotective TherapiesBusiness Wire•Aug 13, 2018•Magnolia Neurosciences, Accelerator Life Science Partners, AbbVie, Acks and 17 others
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