NextWave Pharmaceuticals Secures $45 Million in Financing
NextWave Pharmaceuticals Inc. secured $45 million in a Series C financing, which was co-led by new investors Panorama Capital o Menlo Park, Calif., and Bay City Capital LLC of San Francisco, Calif. Kearny Venture Partners and current investors: Aisling Capital, Fidelity Biosciences, Sofinnova Ventures and Vivo Ventures participated in the round. NextWave plans to use the capital to commercialize its NEXICLON™ XR product for the treatment of hypertension, to expand the CNS portfolio and to prepare for introduction of a novel extended-release liquid methylphenidate for Attention Deficit Hyperactivity Disorder.
12 January 2011•3 mins read
