Hyperion lands $60M VC round

San Francisco-based Hyperion Therapeutics has raised a whopping $60 million in a Series C financing round. New investors Bay City Capital and Panorama Capital co-led the financing, while existing investors Highland Capital Partners, NEA, and Sofinnova Ventures also participated.

Hyperion recently announced positive Phase II results and an orphan drug designation for HPN-100, a potential treatment for urea cycle disorders (UCT). This new round of funding will help fund Phase III trials of the drug for UCT, as well as a Phase II study in low grade hepatic encephalopathy.

"Considerable unmet needs remain in the treatment of both urea cycle disorders and hepatic encephalopathy," said Daniel Perez of Bay City Capital. "We believe the Hyperion management team, with their extensive drug development and regulatory expertise, is well positioned to lead a clinical development program focused on potential treatment options for these

- here's Hyperion's release

Suggested Articles

After delivering a "positive surprise" in December, Biogen is painting a fuller picture of its lupus drug.

A new CRISPR technique neutralizes SARS-CoV-2 by scrambling the virus' genetic code. It could prove useful for fighting other viruses, like influenza.

The deal, which follows a bidding war with AcelRx, gives Melinta another approved antibiotic and potentially complementary R&D expertise.