Research and development company Lusaris Therapeutics is focused on developing small molecule neuroplastogen therapeutics to treat neuropsychiatric and neurological disorders. Founded in 2021, the company launched from stealth in November 2022.
Its lead program LSR-1019, a 5-Methoxy-N, N-dimethyltryptamine (5-MeO-DMT) based therapy is developed to clear serotonergic psychedelics to treat patients diagnosed with treatment-resistant depression (TRD) and other severe neuropsychiatric disorders. As of November 2022, the company expects to begin Phase 1 trials soon and release topline data by mid-2023. In addition, the company has two other programs in the discovery stage as of January 2023 to treat neuropsychiatric and neurological conditions including migraine and cluster headaches.
Key Customers and Partnerships
In November 2022, the company entered into a strategic partnership with medical technology company Catalent under which Lusaris obtained an exclusive worldwide license to use Catalent’s Zydis fast-dissolving tablet technology for its lead drug program, LSR-1019.
Funding and Financials
The company raised USD 60 million in November 2022 in a Series A funding round led by RA Capital Management. The new funds will be used to advance the company's lead program, LSR-1019.
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