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Seaport Therapeutics Secures $225M for New Kind of Depression Drug

Boston-based Seaport Therapeutics has raised $225m in a Series B funding round, led by General Atlantic. Seaport will use the funds to aid clinical testing of its lead drug candidate, SPT-300, which could improve current depression treatments. The SPT-300 leverages Seaport’s platform technology, Glyph, which designs oral drugs to make the active pharmaceutical ingredient more accessible in the body, reducing issues such as liver enzyme elevation.

Source: medcitynews.com –

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