{"id":903,"date":"2020-10-13T10:02:19","date_gmt":"2020-10-13T14:02:19","guid":{"rendered":"https:\/\/research.ncsu.edu\/win\/?p=903"},"modified":"2023-11-20T21:49:00","modified_gmt":"2023-11-21T02:49:00","slug":"durhams-emergo-therapeutics-lands-3-5m-seeks-another-1-5m","status":"publish","type":"post","link":"https:\/\/research.ncsu.edu\/win\/durhams-emergo-therapeutics-lands-3-5m-seeks-another-1-5m\/","title":{"rendered":"<a href=\"https:\/\/www.wraltechwire.com\/2020\/10\/13\/durhams-emergo-therapeutics-lands-3-5m-seeks-another-1-5m\/\">Durham\u2019s Emergo Therapeutics lands $3.5M, seeks another $1.5M<\/a>"},"content":{"rendered":"<p><strong>DURHAM<\/strong>\u00a0\u2014\u00a0\u00a0Emergo Therapeutics, a biopharmaceutical startup founded by serial entrepreneur\u00a0Moise Khayrallah, has raised roughly $3.5 million in equity,\u00a0<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1741198\/000174119820000001\/xslFormDX01\/primary_doc.xml\" class=\"broken_link\">according to a recent securities filing<\/a>.<\/p>\n<p>Seventy seven investors contributed to the round, which is capped at around $5 million.<\/p>\n<p>Proceeds will be used for working capital, the filing noted, \u201cwhich may include normal compensation to executive officers.\u201d<\/p>\n<p>Emergo is developing a single drug candidate, norketotifen, for treating flu and flu-like illnesses. The compound works by modulating the immune system\u2019s response to viral infection.<\/p>\n<p>Khayrallah and Robin Hyde-DeRuyscher, Emergo\u2019s co-founder and chief scientific officer, positioned the company for the venture round with the help of a $75,000 Company Inception Loan from the North Carolina Biotechnology Center in 2017.<\/p>\n<p>It has since raised around $15 million to date, including this latest raise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DURHAM\u00a0\u2014\u00a0\u00a0Emergo Therapeutics, a biopharmaceutical startup founded by serial entrepreneur\u00a0Moise Khayrallah, has raised roughly $3.5 million in equity,\u00a0according to a recent securities filing. Seventy seven investors contributed to the round, which&hellip;<\/p>\n","protected":false},"author":1119,"featured_media":1788,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"","ncst_dynamicHeaderData":"","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[9],"tags":[65,127,75,47],"class_list":["post-903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-emergo-therapeutics","tag-moise-khayrallah","tag-nc-state-university","tag-wolfpack-investor-network"],"displayCategory":null,"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Durham\u2019s Emergo Therapeutics lands $3.5M, seeks another $1.5M - Wolfpack Investor Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/research.ncsu.edu\/win\/durhams-emergo-therapeutics-lands-3-5m-seeks-another-1-5m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Durham\u2019s Emergo Therapeutics lands $3.5M, seeks another $1.5M - Wolfpack Investor Network\" \/>\n<meta property=\"og:description\" content=\"DURHAM\u00a0\u2014\u00a0\u00a0Emergo Therapeutics, a biopharmaceutical startup founded by serial entrepreneur\u00a0Moise Khayrallah, has raised roughly $3.5 million in equity,\u00a0according to a recent securities filing. 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