Serina Therapeutics, Inc.(US:SER) Globenewswireยท2025-10-06 20:15Core Insights - Serina Therapeutics has drawn down the first $5 million tranche from a financing agreement that allows for up to $20 million in funding based on achieving specific development milestones [1][2] - The funds will be utilized to advance the registrational trial of SER-252, aimed at treating advanced Parkinson's disease [1][3] Financing and Milestones - The initial $5 million tranche was received as per the financing agreement, with future tranches contingent on meeting defined development milestones, including patient enrollment in the clinical trial [2] - The financing milestone is crucial for progressing SER-252 into the planned registrational trial, addressing the unmet needs of advanced Parkinson's disease patients [3] Clinical Trial Details - The SER-252-1b study is a randomized, double-blind, placebo-controlled Phase 1b trial, consisting of single-ascending-dose and multiple-ascending-dose components, involving a total of 88 participants [4] - The study aims to evaluate the safety, tolerability, and pharmacokinetics of SER-252 compared to placebo, with exploratory efficacy measures including MDS-UPDRS motor scores [4] Product Overview - SER-252 is an investigational apomorphine therapy developed using Serina's POZ platform, designed for continuous dopaminergic stimulation via subcutaneous injection [5] - The therapy aims to reduce motor fluctuations and improve daily on time for patients with advanced Parkinson's disease, utilizing Enable Injections' enFuse wearable drug delivery platform for enhanced patient comfort [5] Company Background - Serina Therapeutics is a clinical-stage biotechnology company focused on developing drug candidates for neurological diseases and other indications, leveraging its POZ Platform for improved efficacy and safety profiles [6] - The company is headquartered in Huntsville, Alabama, and is positioned on the campus of the HudsonAlpha Institute of Biotechnology [6]