Lunai Bioworks acquires BBB delivery platform in Alzheimer’s for $20M

Lunai Bioworks (LNAI) has executed a binding $20M strategic transaction to acquire blood-brain barrier, or BBB, delivery technology and central nervous system, or CNS, Alzheimer’s drug assets from the Clemann Group, SAS or its assignee. The transaction is structured as Series B Convertible Preferred at a fixed conversion price of $1.50 per share, subject to a 19.9% beneficial ownership limitation. The transaction aims to strengthen Lunai’s CNS Alzheimer’s pipeline by pairing biological target identification with a proven delivery method and expand the company’s ability to develop next-generation treatments across a broad range of CNS disorders where traditional drugs struggle to penetrate the brain effectively, offering the potential for improved safety and efficacy.