Investment Summary

TAO Synergies Invests In Cannasoul

On November 2, 2023, TAO Synergies invested in life science company Cannasoul

Investment Highlights
  • This is TAO Synergies’ 1st transaction in the Life Science sector.
  • This is TAO Synergies’ 1st transaction in Israel.

Investment Summary

Date 2023-11-02
Target Cannasoul
Sector Life Science
Investor(s) TAO Synergies
Deal Type Stake Purchase

Target

Cannasoul

Caesarea, Israel
Cannasoul is a drug discovery company focused on developing groundbreaking therapeutics derived from natural compounds. Its proprietary analytical platform, data-driven approach, unique know-how, and clinical trial framework support active compound identification and development, from botanical extract through clinically approved formulation. Cannasoul is based in Caesarea, Israel.

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Investor(S) 1

Investor

TAO Synergies

New York, New York, United States

Category Company
Founded 2012
Sector Life Science
Employees4
Revenue 8M USD (2023)
DESCRIPTION

TAO Synergies is a clinical-stage biopharmaceutical company that has historically worked to develop novel therapies for neurodegenerative diseases. The company has conducted clinical and preclinical studies of its lead therapeutic candidate, Bryostatin-1, in Alzheimer's disease. Preclinical studies have also demonstrated bryostatin's regenerative mechanisms of action for the rare disease Fragile X syndrome, and for other neurodegenerative disorders such as multiple sclerosis, stroke, and traumatic brain injury. TAO Synergies was founded in 2012 and is based in New York, New York.


DEAL STATS #
Overall 1 of 1
Sector: Life Science M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2023 M&A 1 of 1