Navigation Links
Accera, Inc. Launches Neuera Pharmaceuticals, Inc.
Date:4/15/2009

New Business Spin-off to Focus on Drug Development for Neurological Conditions

BROOMFIELD, Colo., April 15 /PRNewswire/ -- Accera, Inc., a biotechnology company delivering breakthrough therapies in central nervous system (CNS) diseases, announced today the formation of Neuera Pharmaceuticals, Inc., a drug development company. The new company will focus on the discovery and development of proprietary small molecule drugs for acute and chronic neurological conditions where the mechanism of defective energy metabolism or hypometabolism is involved.

Neuera Pharmaceuticals will operate as a wholly owned subsidiary and will be spun out of Accera as a stand-alone company after the completion of a $12 million series A financing round. Existing Accera investors have already committed to participate in the capital raise. Some of Accera's management and staff will join the newly formed company, and the current small molecule pipeline at Accera including the preclinical compounds, AC-0523 and AC-8632, have been transferred to Neuera. In addition to in-house development of small molecules, Neuera Pharmaceuticals is actively pursuing the license or acquisition of late clinical-stage products for CNS diseases or conditions that complement the hypometabolism platform.

"The division of our pipeline and Axona(TM) product between two organizations allows each one to concentrate on the unique regulatory requirements for their respective class of products. Each company will be a regulatory and market pure play that is better appreciated by investors and the industry," said Steve Orndorff, Ph.D., Accera's founder and CEO. "Furthermore, we believe the success of Axona in the marketplace will provide a real world validation of the energy metabolism platform for Neuera Pharmaceuticals' pipeline development."

On March 2nd Accera launched Axona, a first-in-class medical food product for the clinical dietary management of the metabolic processes associated with mild-to-moderate Alzheimer's disease. Axona is a prescription-only product for use under physician supervision. By spinning off the drug development products into a new entity, Accera will focus on building the Axona brand in the marketplace.

Numerous peer-reviewed articles have documented hypometabolism as a physiological hallmark of Alzheimer's disease. Defective metabolism of glucose has been shown to precede the onset of symptoms or diagnosis of AD and worsens as the disease progresses. Axona was developed as a substitute for glucose when it cannot be metabolized by neurons in the brain.

About Accera, Inc.

Accera, Inc. is a privately held commercial-stage biotechnology company that developed and now markets Axona in the US. Axona is a prescription-only medical food intended for the clinical dietary management of the metabolic processes associated with mild-to-moderate Alzheimer's disease. In clinical trials, Axona has been shown to safely improve cognitive function and memory in AD patients. Axona addresses the hypometabolism or defective metabolism of glucose that occurs in those areas of the brain that are involved in Alzheimer's disease. Accera engages in research, development and commercialization of other clinical applications for Axona.

For more information about Axona, please visit www.about-axona.com.

About Neuera Pharmaceuticals, Inc.

Neuera Pharmaceuticals, Inc. is a wholly owned subsidiary of Accera, Inc. engaged in the discovery and development of small molecule drugs for the treatment of neurodegenerative diseases and other neurological conditions. Through its proprietary scientific platform for hypometabolism, Neuera is developing drugs for Parkinson's disease, Huntington's disease, and other neurological conditions such as epilepsy and traumatic brain injury.

For more information about Accera or Neuera, please visit www.accerapharma.com.

    Contacts:
    Accera, Inc. and
    Neuera Pharmaceuticals, Inc.
    Steve Orndorff, Ph.D.
    President and CEO
    sorndorff@accerapharma.com


    Richard Lewis Communications, Inc.
    (212) 827-0020
    Gregory Tiberend, Media
    gtiberend@rlcinc.com
    Cecelia Heer, Investors
    cheer@rlcinc.com


'/>"/>
SOURCE Accera, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related biology technology :

1. Accera, Inc. to Present at Upcoming Investor Conferences
2. Dr. Thomas Werner Elected to Accera, Inc.s Board of Directors
3. Accera, Inc. Sponsors Alzheimers Associations 2009 ICAD Conference
4. Accera, Inc. Completes $35 Million Series C Financing
5. Accera, Inc. Names William T. Poncy Vice President of Commercial Development
6. Accera, Inc. to Present at the 4th Annual BIO Investor Forum
7. ChemAxon Launches Marvin and JChem Version 5.2; Web Services, native .NET API, Homology Groups, 3D Alignment and Structural Frameworks
8. US Oncology Launches New Web Site
9. Pharmaceutical Institute Launches New Training Series Focused on Managed Markets Excellence
10. Kibow Biotech, Inc. Launches Breakthrough Probiotic Dietary Supplement for Kidney Health in USA and Canada
11. Selexis Launches Biosimilar Cell Line Development Program
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2017)... ... May 25, 2017 , ... Throughout this ... studies, describing how process development and economic goals were achieved in both industry ... a hollow-fiber bioreactor system, along with techniques for scaling production of mesenchymal stem ...
(Date:5/24/2017)... , ... May 24, 2017 , ... ... and implementation of CLEARAS Water Recovery’s Advanced Biological Nutrient Recovery (ABNR™) technology at ... of a $24 million plant upgrade to sustainably meet current and future nutrient ...
(Date:5/24/2017)... BOSTON , May 23, 2017 As Ebola ... with four deaths and 20 suspected cases now reported, ... via the PubMed database, showed a correlation between the 2014 ... gene Replikin counts rose sharply in 2012-13, which preceded the ... rise in the Ebola gene Replikin counts in 2014-15, which ...
(Date:5/23/2017)... Switzerland (PRWEB) , ... May 23, 2017 , ... ... R&D, celebrates this month its 20th anniversary, marking the occasion with a strong ... sponsoring the meeting’s Welcome Reception and further extends an invitation to all attendees ...
Breaking Biology Technology:
(Date:5/6/2017)... , May 5, 2017 RAM ... announced a new breakthrough in biometric authentication based ... quantum mechanical properties to perform biometric authentication. These new ... semiconductor material created by Ram Group and its ... entertainment, transportation, supply chains and security. Ram Group ...
(Date:4/19/2017)... 19, 2017 The global military ... is marked by the presence of several large global ... by five major players - 3M Cogent, NEC Corporation, ... for nearly 61% of the global military biometric market ... the global military biometrics market boast global presence, which ...
(Date:4/17/2017)... , April 17, 2017 NXT-ID, Inc. (NASDAQ: ... announces the filing of its 2016 Annual Report on Form 10-K ... Commission. ... 10-K is available in the Investor Relations section of the Company,s ... the SEC,s website at http://www.sec.gov . 2016 Year ...
Breaking Biology News(10 mins):