The College of Health Sciences received a planned gift pledge of $1 million from Michael and Jeanne Schmitz. The gift will be used to establish the Michael and Jeanne Schmitz Family Depression Research Fund.
The fund will support depression research efforts in the college’s Charles E. Kubly Mental Health Research Center, including supporting the BioDiscovery Imaging Core and BioDiscovery Cellular and Molecular Core, each of which are key discovery centers for the underlying neurobiological causes of diseases like depression.
Promentis Pharmaceuticals, a Milwaukee company co-founded by Drs. John Mantsch and David Baker, researchers from the Marquette University College of Health Sciences, raised $26 million, including $17.2 million in its third funding round.
The investment will finance key clinical trials of Promentis’ most promising compound targeting neuropsychiatric disorders.