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Cash raised to market stroke drug


A Singapore-based biopharmaceutical company has raised £1.8m to market a natural medicine to treat stroke victims.

Moleac announced that it raised the money through a group of private investors who are based in both Europe and Asia, along with Hunza Ventures.

Moleac will use this injection of funds to market its first product NeuroAid(TM) on a global scale.

NeuroAid is a natural medicine developed in China. Clinical trials have shown that patients taking NeuroAid within six months of a stroke achieve better neurological and functional recovery.

The product is already listed in seven countries and is available worldwide through IDIS Pharmaceuticals.

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Currently, Moleac is supporting the CHIMES society which implements a multi-centre clinical trial.

The study is looking at the efficacy of NeuroAid in improving independence in patients, with treatment starting within 48 hours of a stroke.

David Picard, CEO and co-founder of Moleac, said:

“Demonstrating the benefits of NeuroAid, when administered at the acute stage of a stroke, to the global market will enable it to become a systematic treatment modality. This is important, as there are currently no other drugs available to stroke patients, to help them during their recovery.”

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