Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

*By submitting your name & email you agree to receive for FREE our scholarships & offers Newsletters. You agree also with the storage and handling of your data by this website and 3rd party email services.
You may unsubscribe if you wish. And you can delete your email and name at any time by emailing us to the email on the bottom of this page.

Follow us on
 
  • Kalypsys Raises $100 Million in Series C Private Equity Financing

    November 29th, 2006 No comments

    Kalypsys Inc. announced recently that it has raised $100 Million in a Series C financing. The company will use the proceeds to fund its broad range of pre clinical and clinical programs in the areas of cardiovascular diseases and metabolic diseases, pain inflammation and oncology.

    Tavistock Life Sciences, one of Kalypsys’ previous investors, led the round with an $89 million investment. Previous investors Sprout Group, CMEA Ventures and KT Venture Group participated in the round. The financing increases the total private equity that Kalypsys has raised to $172 million since February 2002.

    “This is further validation of our early successes in changing the way drugs are discovered and developed,” said John McKearn, Ph.D., Kalypsys’ president and CEO. “With our expertise and technologies, we’re able to move rapidly from idea to IND with high quality molecules. The financing will support our further progression of multiple programs.”

    Shehan Dissanayake, Ph.D., CEO of Tavistock Life Sciences, added, “The significant infusion of capital enables Kalypsys to advance its drug candidates through the development process without turning to the public markets at this time. Kalypsys’ elegant approach to drug discovery will continue to yield very promising compounds for a range of indications. We want to ensure that the company is well-positioned to maximize the value of these assets at later stages.”

    “We combined two studies into one to establish a more complete safety profile of KD3010 that will guide our dose selection in the second trial,” said Paul Grint, M.D., Kalypsys’ chief medical officer. “The innovation in our trial design is another aspect of our approach to expediting the development of medicines. Our speed in the discovery stage carries over to the development stage, which can significantly reduce the costs associated with the traditional development of small molecule drugs.”

    For more information, visit www.kalypsys.com.

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 266,924 bad guys.

 

Latest Headlines:

Friday August 31, 2012
Zscaler Secures $38 Million Investment Round


Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


 

By using this website you agree with our cookie policy