Challenge
A major VC fund asked Alacrita to conduct a clinical due diligence on a potential investment in a company targeting CNS indications. The target company was led by an executive with whom the VC had previously enjoyed a rewarding exit, but in light of the high level of uncertainties associated with neurological conditions requested an independent third party expert view.
Solution
The assignment was conducted by a senior pharmaceutical neurologist with whom Alacrita has worked on numerous occasions over the past ten years. He examined the scientific rationale, the preclinical proof-of-principle, the proposed biomarkers and the design of clinical trials though to licensure and concluded that the projects were well thought-through with a sound understanding of the (high) associated risks. Following the assignment, the target company requested ongoing support from Alacrita in the area of European regulatory affairs.
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