Brown Rudnick Represents Neurent Medical on $25-million Series B Financing
PUBLISHED ON: 01/28/2021
Brown Rudnick represented Neurent Medical on a $25-million Series B financing to advance innovative chronic rhinitis treatment. Neurent Medical is a company pioneering innovative treatments for chronic inflammatory sino-nasal diseases by targeting and safely disrupting hyperactive parasympathetic nerves that drive underlying inflammation.
This round of financing was led by new investor LSP, from its LSP HEF-2 fund, and co-led by Atlantic Bridge, investing from its Growth Fund IV. Fountain Healthcare Partners also participated as a returning investor with strong participation in the round. The funding will support the expansion of the company’s clinical and commercial operations as it prepares for U.S. Food and Drug Administration (FDA) clearance and U.S. commercialization of its proprietary NEUROMARK™ Rhinitis Neurolysis Therapy™, an innovative in-office treatment for chronic rhinitis.