Fremont, CA-based Zosano Pharma has received $45 million in its second round, bringing its total funding thus far to $90 million. Enterprise Associates, Nomura Phase4 Ventures, HBM BioVentures and ProQuest Investments participated in the round. Zosano is developing a transdermal microprojection delivery system, a small patch and applicator that is designed as an alternative to vaccines administered with needles.
"This second closing supports our continued progress with Zosano's lead program, a PTH patch for treating osteoporosis, which is currently in Phase 2 development," said Cory Zwerling, Zosano's CEO. "Our PTH development program is on track and we are also moving other Zosano activities forward."
- see this release [1] for more
PLUS: Woburn-MA-based BioVex has garnered $35 million in a second round of Series E financing. The company is developing biologics for the treatment and prevention of cancer and infectious disease. The money will fund BioVex's Phase III study of OncoVexGM-CSF for the treatment of melanoma as well as to complete studies in head and neck cancer and pancreatic cancer. Triathlon Medical Ventures led the round. Release [2]
Related Articles:
BioVex raises $22M for ongoing cancer trial. Report [3]
BioVex moving HQ to Mass. Report [4]
Links:
[1] http://www.fiercebiotech.com/press-releases/press-release-zosano-pharma-announces-funding-close-totaling-90-million
[2] http://www.fiercebiotech.com/press-releases/press-release-biovex-closes-second-round-series-e-financing
[3] http://www.fiercebiotech.com/story/biovex-raises-22m-for-ongoing-cancer-trial/2007-07-09
[4] http://www.fiercebiotech.com/story/biovex-moving-hq-to-mass/2005-06-06