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August 29, 2015 12:59 PM ET

Pharmaceuticals

Company Overview of Cerecor Inc.

Company Overview

Cerecor, Inc., a clinical-stage biopharmaceutical company, focuses on the development of drugs for the treatment of patients with neurological and psychiatric disorders. The company has a portfolio of clinical and preclinical compounds, such as CERC-301, CERC-501, and CERC-406. It develops CERC-301 that is in Phase II development stage as an oral, adjunctive antidepressant for the treatment of patients with major depressive disorder (MDD); CERC-501, which is in Phase II development, for co-occurring psychiatric and substance use disorders; and CERC-406 that is its preclinical lead candidate that inhibit catechol-O-methyltransferase within the brain, as well as anticipates developing CERC-406...

400 East Pratt Street

Suite 606

Baltimore, MD 21202

United States

Founded in 2011

11 Employees

Phone:

410-522-8707

Key Executives for Cerecor Inc.

Co-Founder,Chief Executive Officer, President and Director
Founder, Vice Chairman and Member of Nominating & Corporate Governance Committee
Age: 65
Founder and Chairman of Scientific Advisory Board
Age: 76
Founder and Member of Scientific Advisory Board
Age: 50
Interim Chief Financial Officer
Age: 47
Compensation as of Fiscal Year 2015.

Cerecor Inc. Key Developments

Cerecor Eyes Acquisitions

Cerecor, Inc. is looking for acquisitions. The company has filed an IPO in the amount of $31.63 million. They intend to use the net proceeds from this offering, together with their existing cash and cash equivalents, to fund the costs of Phase 2 clinical development of CERC-301 and CERC-501, preclinical research for CERC-406, research and development to build their COMTi platform and potential in licensing or other acquisitions and for working capital and general corporate purposes.

Cerecor, Inc. Auditor Raises 'Going Concern' Doubt

Cerecor, Inc. filed its Annual on Jun 12, 2015 for the period ending Dec 31, 2014. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Cerecor Inc. Announces Board Changes

Cerecor Inc. announced that it has appointed Ronald Marcus, MD, as Chief Medical Officer and Head of Regulatory Affairs. Dr. Marcus has more than 20 years of experience in the development of neuroscience drugs at both Spinifex and Bristol-Myers Squibb (BMS). In addition, the company has appointed Uli Hacksell, PhD, as Chairman of the Board of Directors. Dr. Hacksell was most recently CEO of ACADIA Pharmaceuticals Inc. Dr. Hacksell is replacing Sol Barer, PhD, who stepped down as the Chairman and as a member of the company’s board of directors in April 2015. Dr. Marcus was most recently the Chief Medical Officer at Spinifex.

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