
Rex Health Ventures Announces Inaugural Investment in N.C. Firm, Aerial BioPharma
Funding to Support Clinical Research of Promising Narcolepsy Drug, Other Products
RALEIGH, N.C. – Rex Health Ventures, one of the nation’s only venture-capital funds managed by a community, nonprofit hospital, is pleased to announce its first investment, a $500,000 equity placement in Aerial BioPharma.
Aerial, a Morrisville, N.C.-based company, was formed in January 2012 by a team of successful, veteran biopharmaceutical entrepreneurs. Aerial’s investigational narcolepsy treatment is currently in Phase 2 clinical trials, and initial data shows promise for controlling the symptoms of the chronic, neurological sleep disorder.
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Rex Healthcare Launches Rex Strategic Innovations to Advance Health-Care Innovation
Novel Effort Aims to Improve Medical Care and Support Promising Ideas
RALEIGH, N.C. – Rex Healthcare is proud to announce the creation of Rex Strategic Innovations, a unique effort to spur healthcare innovation, improve healthcare delivery and foster job creation.
The initiative will include Rex Health Ventures, one of the only venture-capital investment funds in the country started by a community, nonprofit hospital. The fund is being launched with an initial $10 million investment from Rex Healthcare and will help finance the most promising innovations among new medical services, tools and technologies.
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