Ovid Therapeutics

Ovid Therapeutics

A biotechnology company specializing in creating therapeutics for neurological disorders. It was founded in 2014 and is located in New York City.

About

Ovid Therapeutics is a New York-based company with a focus on developing medicines for patients living with rare neurological disorders. The company partners with patient advocacy groups and foundations in order to better understand the community for whom it is working.It also collaborates with other biotechnology and pharmaceutical companies to develop its therapeutics, such as Takeda and Lundbeck.

Product

The company has multiple therapeutics that are in the process of going through clinical trials. It focuses on specific neurological disorders and develops drugs to treat those disorders. One such disorder is Angelman syndrome. The company is conducting clinical trials for both adolescents and adults for therapeutics such as gaboxadol.

FAnother disorder for which the company is developing therapeutics is Fragile X syndrome. The clinical trials also used the therapeutic gaboxadol. The studies for CDKL5 deficiency disorder and chromosome 15q duplication syndrome used the therapeutic soticlestat to seek results.

Timeline

August 2020
The University of Connecticut partners with Ovid Therapeutics for rare-disease research.
August 2020
Ovid Therapeutics partners with Angelini for research.
January 23, 2017
Ovid Therapeutics raises a $25,861,228 series C round.
August 11, 2015
Ovid Therapeutics raises a $75,000,000 series B round from Sanofi Ventures, Fidelity Management & Research Company, Sphera Funds Management, Tekla Capital Management, Cormorant Asset Management, Redmile Group and Jennison Associates.
March 16, 2015
Ovid Therapeutics raises a $5,100,000 venture round.
2014
Ovid Therapeutics is founded.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Ovid Therapeutics Series B round, August 2015
75,000,000
August 11, 2015
3 Results
Results per page:
Page 1 of 1

People

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Companies

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News

Title
Author
Date
Publisher
Description
Nick Paul
December 2, 2020
FierceBiotech
A phase 3 trial of Ovid Therapeutics' OV101 in Angelman syndrome has missed its primary endpoint, sending the biotech's stock down 50%. Ovid has paused most other elements of its OV101 Angelman work in response to the setback and turned its focus to its next most advanced asset, OV935.
Nick Paul
July 13, 2020
FierceBiotech
Ovid Therapeutics has offloaded the European rights to OV101 in a genetic nervous system disorder to Italy's Angelini Pharma. Angelini is paying $20 million upfront to secure a license to a drug that is due to come through a phase 3 trial in Angelman syndrome by the end of the year.

References

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