“Today one of the main weaknesses in the Alzheimer’s area is that patients don’t find out until it’s too late,” says Ilya Budik, CEO of NeuroQuest, an Israeli company developing a novel blood test for early detection of the most common cause of dementia worldwide.
“There are many new therapies under development, and the most successful trials are showing the earlier a patient is treated, the better likelihood of responding to the treatment,” he says.
A portfolio company of the government-supported Misgav Venture Accelerator in northern Israel, NeuroQuest recently received $500,000 in a funding round led by the InterTech Group in South Carolina and the Maryland/Israel Trendlines Fund.
This half a million dollars will enable NeuroQuest to progress towards a validation clinical trial at four US medical centers, and to establish a US development center, possibly alongside its South Carolina partners.
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