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J&J Venture Arm Invests as Delix Therapeutics Raises $100 Million

Provided by Dow Jones Nov 9, 2026, 8:27:00 PM

By Josh Beckerman

Johnson & Johnson's venture capital arm invested in Delix Therapeutics, which is developing versions of psychedelic compounds without hallucinatory effects.

Johnson & Johnson Innovation -- JJDC Inc., and SV Health Investors' Dementia Discovery Fund led Delix's $100 million Series C financing.

The financing will help Delix advance Zalsupindole through Phase IIb proof of concept in recurrent major depressive disorder and support its broader neuroplastogen pipeline.

Delix expects to initiate a Phase II trial in the first half of 2027.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 09, 2026 15:27 ET (20:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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