


Pharma Startup Borrows $1.5 Million From Connecticut Innovations

Perosphere, a small pharmaceutical company In Danbury, borrowed $1.5 million from Connecticut Innovations, the state-funded agency that both invests in high-tech startups and makes loans to businesses looking to grow. Perosphere, which is less than 3 years old, has no drugs on the market yet. It is looking to improve the drug delivery methods for drugs already on the market, but also is working on new indications for already approved drugs, such as seeing if an anticonvulsant can be administered in such a way that it could reduce brain cell damage after a heart attack, stroke, or traumatic brain injury . It also is working on developing fast-acting rescue drugs. The company's lead...