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VC: Neuromed lands $53.3M in fifth round
Neuromed lands $53.3M in fifth round
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VENTURE CAPITAL |
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COMPANY |
AMOUNT/ROUND |
LEAD INVESTORS |
DESCRIPTION |
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Neuromed Pharmaceuticals
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$53.3M
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MPM Capital, James Richardson & Sons, Neuro Discovery, GrowthWorks Capital, BDC Venture Capital, CMDF, and the Royal Bank of Canada |
Much of that money is earmarked for clinical trials, including a late-stage study of a newly licensed pain drug. |
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Nereus Pharmaceuticals
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$45M
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BankInvest Biomedical Venture |
The money will be drawn down in two tranches and used to complete Phase I and begin Phase II clinical trials for Nereus' two drug candidates. |
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NeurAxon
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$32M
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Delphi Ventures and OrbiMed Advisors |
The money is earmarked for advancing the developer's pain therapies. |
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Ophthotech
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$36M
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SV Life Sciences |
Ophthotech is off and running with a first round of $36 million |
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Pevion Biotech
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$30.2M
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BZ Bank Aktiengesellschaft |
The company said it will use the funds to push a hepatitis C and breast cancer vaccines into Phase II. It will also fund preclinical vaccine candidates against RSV and Candida infections into clinical development. |
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Topigen Pharmaceuticals
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$25M
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NovaQuest and MMV Financial |
The investment is earmarked for Phase II clinical programs relating to its lead products, TPI 1020, a small-molecule drug in development for Chronic Obstructive Pulmonary Disease and TPI ASM8, its RNA-inhibiting therapeutic for asthma. |
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FoldRx
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$22M
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Cystic Fibrosis Foundation |
FoldRx has snagged $22 million from the Cystic Fibrosis Foundation to develop and commercialize new drugs for the condition. |
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