Caraway Therapeutics

About:

Rheostat Therapeutics is a bio therapeutics company.

Website: https://carawaytx.com/

Top Investors: Alexandria Venture Investments, AbbVie, MRL Ventures Fund, Mayo Clinic, SV Health Investors

Description:

Rheostat’s mission is to invent novel treatments for neurodegenerative disease through modulation of mitophagy and autophagy. They believe that the degradation of toxic cellular components, whether they are damaged organelles or aggregated proteins, is a fundamental node of biology. Mutations that impair these clearance pathways cause multiple neurodegenerative diseases, many of which are associated with cognitive impairment. They aim to leverage our understanding of these critical pathways to discover and develop novel small molecules that will restore cellular balance and treat neurodegenerative and rare diseases.

Total Funding Amount:

$23M

Estimated Revenue Range:

$1M to $10M

Headquarters Location:

Cambridge, Massachusetts, United States

Founded Date:

2018-01-01

Founders:

Joshua Resnick

Number of Employees:

11-50

Last Funding Date:

2020-11-18

IPO Status:

Private

Industries:

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