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Best in the business… Edinburgh businesswoman shortlisted for Women’s Enterprise Scotland Award

Edinburgh businesswoman, Dr. Carmel Reilly, founder of Neurocentrx Pharma Ltd., is celebrating after being shortlisted in the Women’s Enterprise Scotland Awards 2022.

Carmel has been shortlisted for the Funded Business of the Year, sponsored by the British Business Bank after the judging panel reviewed and assessed an unprecedented number of entries.

Carmel Reilly, CEO and Founder of Neurocentrx states “I am really delighted to be nominated for this award as it highlights the important work that we and our partner companies are doing to develop new medicines. Thank you WES, for this nomination”.

Neurocentrx has developed a range of patented oral ketamine formulations. Our goal is to treat serious and debilitating mood disorders like Major Depression Disorder, especially where existing treatments have failed.

''I have led the Company in its fund raising of around £3m over the last few years from a range of private investors, grant funders and specialist research investors. This has allowed Neurocentrx to start a Phase 1 trial clinical trial in healthy people using one of our oral formulations. This trial is testing that our formulation is safe at increasing doses as well as giving us important information about the drug which will help our planning for further clinical development.''

Ketamine is a drug that works very quickly, within 48 hours, for people who respond. All other treatments for depression can take many weeks to work. This timeline is not ideal when people are very depressed and suffering from suicidal thoughts and feelings.

Neurocentrx works with world leading academics and expert companies in the field. We hope this award will raise awareness of what we and our partners do and support Neurocentrx in our next stage fundraising plans which will allow us to investigate the effectiveness of our drug in treating people suffering with Major Depression Disorder.

Women business leaders from across Scotland have been chosen as finalists for the Women’s Enterprise Scotland Awards, with 47 finalists across 10 categories.

Carolyn Currie, CEO of Women’s Enterprise Scotland commented; “Our last Awards were in 2019, so it is especially important for us to be back in 2022, recognising the impressive achievements of Scotland’s businesswomen. Even more so as WES is celebrating its tenth anniversary this year. Many women led businesses have adapted or sourced new means of funding during the challenges of the COVID-19 pandemic and as such, they are powerful role models for other women who want to start and grow businesses.

Both the volume and the calibre of entries for the Awards were exceptionally high and the judging panel had a very challenging task to compile the list of finalists. We are looking forward to a fantastic Awards evening next month, when we can shine a spotlight on the myriad of impressive women led businesses across Scotland.”

Winners of the Women’s Enterprise Scotland Awards, which is being supported by Business Gateway, Royal Bank of Scotland, HFL Holistic Financial Leadership, British Business Bank and Scottish Enterprise will be announced at a glittering ceremony which takes place at the voco Grand Central Hotel in Glasgow on Thursday 27 October.

Women’s Enterprise Scotland (WES) was established as a not-for-profit Community Interest Company (CIC) working to close the gender gap in enterprise participation. The WES vision is for Scotland to be world leading in its approach to supporting women business owners, enabling equal access to resources and opportunities as they develop successful and sustainable businesses.

22 September 2022

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