Bill Gates-backed Triangle startup targeting Alzheimer’s treatment raises $6M

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An RTP based drug development firm backed by a Bill Gates-linked foundation has raised more than $6 million as it continues to develop an Alzheimer’s treatment.

T3D Therapeutics disclosed the new funding in an SEC filing. The company, launched in 2013, says it has embraced a “transformational approach to treating Alzheimer’s and other neurodegenerative diseases.”

In 2020 the company received a $740,000 grant from the Alzheimer’s Association Part the Cloud-Gates Partnership Grant Program.

Its lead compound is currently in a Phase 2 clinical trial.

The company received funding from 23 investors, according to the filing. It hopes to raise $7.5 million.

T3D raised $15 million in 2019 and $6 million in 2018.

Original Article Source: WRAL TechWire