19th July 2010
Cara Therapeutics Secures $15 million Series D Financing to Continue Clinical Development of CR845
Cara Therapeutics, Inc. announces the close of its Series D financing of $15 million
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3rd June 2010
PregLem Announces Additional Positive Phase III Results for Esmya
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18th May 2010
PregLem Announces Positive Phase III Results for Esmya as an Effective Treatment for Uterine Fibroids
PregLem, a biopharmaceutical company focused on women’s reproductive medicine, announces positive Phase III results of Esmya(TM)
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10th March 2010
Cheetah Medical Closes $20 million Series B Financing
Cheetah Medical, Inc., a worldwide leader in noninvasive haemodynamic and cardiac output monitoring technology, announces the closing of a $20 million financing round
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2nd February 2010
Vantia Therapeutics' Lead Candidate VA106483 enters Phase IIb Trial for Nocturia
Vantia Therapeutics, an emerging pharmaceutical company developing novel, small molecule drugs, today announces it has begun its planned Phase IIb trial of its lead development compound VA106483 for nocturia
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19th July 2010Cara Therapeutics Secures $15 million Series D Financing to Continue Clinical Development of CR845
Cara Therapeutics, Inc. announced today that it had closed on a Series D financing of $15 million. The round was led by new investor, Rho Ventures, with participation from previous investors Alta Biopharma, Ascent Biomedical Ventures, CT Innovations, Devon Park BioVentures, Healthcare Private Equity, Mitsubishi International Corporation and MVM Life Science Partners. In conjunction with the financing, Martin Vogelbaum, a partner at Rho Ventures, will join Cara’s Board of Directors. The Series D financing will be used primarily for the continued clinical development of Cara’s lead peripherally restricted kappa opioid agonist, CR845, for the treatment of post-operative pain. Cara has raised more than $43M since inception.
“There has been little innovation in post-operative pain treatment where opioid use continues to be the standard of care even though it is associated with significant side effects which present an ongoing pharmacoeconomic burden for hospitals. Due to its peripheral activity and lack of CNS penetration, we believe Cara’s CR845 has a chance to provide opioid-like pain relief while significantly reducing opioid use and its associated side effects,” said Martin Vogelbaum, partner at Rho Ventures. “We have been impressed with the progress that the Cara team have made to date with CR845 and look forward to working with them as CR845 progresses through the clinic.”
“We are very pleased to welcome Rho Ventures as our newest investor and we look forward to benefiting from Martin’s considerable experience as we continue the clinical development of CR845”, said Derek Chalmers, President and CEO of Cara Therapeutics.
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