Monument Therapeutics Secures £1M Investment to Fund Its Schizophrenia Programme And Drive Next Stage of Growth

Dr Randeep Grewal, who has served as a board observer at Monument representing angel investors since 2022, has been appointed as board Chair. Randeep brings extensive experience from his other roles as Chair of Bellevue Healthcare Trust and non-executive director of organisations including Hox Therapeutics, the Global Smaller Companies Trust and the Monks Investment Trust. Furthermore, his previous background as a fund manager and a vascular surgeon provides a unique blend of financial and hands-on medical expertise.

MANCHESTER, England, 15/10/2024 (informazione.it - comunicati stampa - salute e benessere)

David Ford, an experienced life sciences investor and former Managing Director at Prudential Capital Group and Intermediate Capital Group, also joins the board, as a new Investor Director. David also serves as Chair of VisusNano Ltd and holds non-executive roles at Vianautis and Foresight VCT plc. "I am excited to join Monument Therapeutics at such an important stage in the company's journey," said David Ford. "The Company's innovative approach to developing treatments for the cognitive symptoms of schizophrenia is both groundbreaking and much needed. I look forward to working with the team to help bring MT1988 through clinical development."

"We are thrilled to welcome David to our board, during this pivotal moment for Monument Therapeutics growth strategy," commented Dr Jenny Barnett, CEO of Monument Therapeutics. "The support from the Forster Foundation underscores the growing confidence in our precision neuroscience approach. This new investment will bring us closer to fulfilling our mission of improving the lives of people affected by schizophrenia and other psychiatric and neurological conditions."

About Monument Therapeutics:

Monument Therapeutics applies a unique novel drug development strategy, leveraging digital assessments of cognition to match patients with new pharmaceutical treatments. Lead asset MT1988 targets the cognitive symptoms of schizophrenia, which are extremely costly for society and profoundly impact the affected individuals and their quality of life.

For more information, please visit www.monumenttx.com

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