• Tempero Bio has raised $70 million in Series B financing to advance TMP-301, a novel mGluR5 negative allosteric modulator targeting the neurobiological basis of addiction, through Phase 2 clinical trials.
• The company has already initiated a Phase 2 trial for alcohol use disorder and plans to begin cocaine use disorder studies within the next year, addressing conditions that affect millions of Americans with limited treatment options.
• Industry veteran John Wagner, M.D., Ph.D., with over 20 years of drug development experience, will join Tempero Bio as Chief Medical Officer to oversee the clinical advancement of TMP-301.