|CoDa CEO Bradford J. Duft|
The biotech: CoDa Therapeutics
Round: $19.4 million
Based: San Diego
CEO: Bradford J. Duft
The scoop: When Domain Associates announced earlier this year that it had struck up a close partnership with RusNano to help the Russian fund identify new investment opportunities, it may well have had CoDa in mind. Domain had already invested $20 million in CoDa's Series B, and the Russians would double down with another $20 million. CoDa's focus is on its Nexagon topical gel, which it boasts will help speed healing of diabetic foot ulcers and other wounds. The new deal with the Russians will call for some extra attention on that market, where RusNano is shepherding a fledgling biopharma industry. Also, it's the first of a number of new biotech investments expected from RusNano, which is finding plenty of places to place its bets.
Rusnano, Domain team top up CoDa venture round with $20M
CoDa banks $19M round for mid-stage wound healing study