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Insero Health Closes Initial Round of Financing and Signs Exclusive Licenses With Harvard and Yale
Date:2/2/2012

of Insero Health.  "Huperzine has shown great promise in a number of preclinical epilepsy models.  With our initial round of financing in hand and key technology licenses secured, we are eager to move huperzine into a Phase I/II trial in epilepsy later this year."  Mr. Kolb joins Insero after nearly two decades in the investment banking industry.

Epilepsy affects about three million people in the United States and over 50 million people worldwide.  Many people with epilepsy take multiple medications, yet the published literature suggests that as many as one-third of people with epilepsy are unable to control their seizures with currently available medications.  Huperzine brings a unique mechanism of action to epilepsy therapy, which may provide greater efficacy either as solo therapy, or when given in combination with other epilepsy drugs.

Lawrence Friedhoff, MD, PhD, has also joined Insero to focus on clinical drug development, bringing over 30 years of drug development experience to the company.  Dr. Friedhoff has overseen the development of a number of new drugs, including a marketed blockbuster therapy for Alzheimer's disease with a mechanism of action similar to huperzine.

Mr. Kolb continued, "The combination of Dr. Schachter's expertise in epilepsy and Dr. Friedhoff's experience in clinical development gives Insero a very strong team as it advances huperzine in the clinic and expands its pipeline of promising candidates from natural sources."

The Reich Group, an investment firm based in Miami Beach, Florida led the initial $1.1 million financing.  With the closing of the transaction, Samuel Reich, Managing Partner of The Reich Group and formerly a founder and Executive Vice President of Acuity Pharmaceuticals, will be joining Insero as Chairman of the Board of Directors.  Also joining as a Director is Warren Lammert, Chairman and co-founder of the Epilepsy Therapy Project, Principal and Chie
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SOURCE Insero Health, Inc.
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