# Draig Therapeutics

**Source:** https://www.startuphub.ai/startups/draig-therapeutics
**Profile type:** Startup

> Clinical-stage biopharmaceutical company developing transformative, best-in-class neuropsychiatric therapies.

## About

Draig Therapeutics is developing transformative neuropsychiatric therapies designed to restore the brain to a healthier state. Their approach utilizes highly specific neuromodulators, with a lead program, DT-101, targeting major depressive disorder by potentiating AMPA receptors. The company is committed to co-creating with patients and care partners to develop best-in-class treatments for prevalent and underserved neuropsychiatric disorders.

## Key facts

- **Slug:** draig-therapeutics
- **Website:** https://www.draigtherapeutics.com/
- **Location:** Newton, Massachusetts, United States
- **Operating status:** Active
- **Total funding:** $65M
- **Sectors / tags:** Biotechnology, Pharmaceuticals, Healthcare, Neuroscience, Biotech, Drug Discovery, Clinical Trials, Mental Health Tech
- **Social:**
  - LinkedIn: https://www.linkedin.com/company/draig-therapeutics/

## Frequently asked

### What does Draig Therapeutics do?

Draig Therapeutics is developing transformative neuropsychiatric therapies designed to restore the brain to a healthier state. Their approach utilizes highly specific neuromodulators, with a lead program, DT-101, targeting major depressive disorder by potentiating AMPA receptors. The company is committed to co-creating with patients and care partners to develop best-in-class treatments for prevalent and underserved neuropsychiatric disorders.

### How much funding has Draig Therapeutics raised?

Draig Therapeutics has raised a total of $65M in funding. The most recent round on record is Series B.

### Where is Draig Therapeutics headquartered?

Draig Therapeutics is headquartered in Newton, Massachusetts, United States.

### What industry does Draig Therapeutics operate in?

Draig Therapeutics operates in Biotechnology, Pharmaceuticals, Healthcare, Neuroscience, Biotech, Drug Discovery.

### What is Draig Therapeutics's revenue?

StartupHub estimates Draig Therapeutics's annual revenue at $7.8M (range $2.1M to $24.7M, 37% confidence), based on comparable companies in the sector.

### What is Draig Therapeutics's valuation?

StartupHub estimates Draig Therapeutics's effective valuation at $254.8M (range $162.5M to $390.0M, 25% confidence), based on comparable companies in the sector.

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