‘Patient capital’ is best medicine for biotech sector
A group of wealthy backers including billionaire property developer Lang Walker are hoping that Richard Treagus, who is now leading Neuren Pharmaceuticals, is the secret to success in biotechnology investing.
Richard Treagus has 20 years of experience and a team with impeccable credentials, but he says the one thing that makes his ambition to bring a novel brain-disorder drug to market all the more easier is investors who are patient.
The executive chairman of Neuren Pharmaceuticals has a cornerstone investor in Lang Walker . The billionaire property developer owns about 17 per cent of the $271 million company and is banking on Neuren’s drug NNZ-2566 becoming the first ever treatment of rare neurological disorders such as Rett and Fragile X Syndrome s.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Healthcare & fitness
Fetching latest articles