Pearl Therapeutics - Top 15 Biotech VC Deals of 2010

Company: Pearl Therapeutics
Based: Redwood City, CA
Amount: $69M

Investors: Vatera Healthcare Partners, Clarus Ventures, New Leaf Venture Partners and 5AM Ventures

Scoop: Pearl Therapeutics was founded by two former Nektar Therapeutics executives who in-licensed particle technology that could be used to treat respiratory ailments. The company's lead drug is PT003, a combination therapy for COPD. It consists of glycopyrrolate, a long-acting muscarinic antagonist, and formoterol, a long-acting B2-agonist, delivered by a hydrofluoroalkane metered dose inhaler.  The funding is supporting Phase II trials of the drug, which are expected to begin this year; Phase III trials that are slated for late 2012. The developer's venture haul totals $102 million since its inception in 2007.

Pearl Therapeutics - Top 15 Biotech VC Deals of 2010
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