Rex Health Ventures Announces Inaugural Investment in N.C. Firm, Aerial BioPharma
Funding to Support Clinical Research of Promising Narcolepsy Drug, Other Products
RALEIGH, N.C. – Rex Health Ventures, one of the nation’s only venture-capital funds managed by a community, nonprofit hospital, is pleased to announce its first investment, a $500,000 equity placement in Aerial BioPharma.
Aerial, a Morrisville, N.C.-based company, was formed in January 2012 by a team of successful, veteran biopharmaceutical entrepreneurs. Aerial’s investigational narcolepsy treatment is currently in Phase 2 clinical trials, and initial data shows promise for controlling the symptoms of the chronic, neurological sleep disorder.Read the full story
Rex Healthcare Launches Rex Strategic Innovations to Advance Healthcare Innovation
Novel Effort Aims to Improve Medical Care and Support Promising Ideas
RALEIGH, N.C. – Rex Healthcare is proud to announce the creation of Rex Strategic Innovations, a unique effort to spur healthcare innovation, improve healthcare delivery and foster job creation.
The initiative will include Rex Health Ventures, one of the only venture-capital investment funds in the country started by a community, nonprofit hospital. The fund is being launched with an initial $10 million investment from Rex Healthcare and will help finance the most promising innovations among new medical services, tools and technologies.Read the full story