Navigation Links
Corium International, Inc., Announces $40 Million Financing led by Essex Woodlands Health Ventures
Date:9/26/2007

MENLO PARK, Calif., Sept. 26 /PRNewswire/ -- Corium International, Inc., a privately-held transdermal drug delivery company, today announced that it has completed a $25.1 million Series C financing led by Essex Woodlands Health Ventures. Quantum Technology Partners, Aphelion Capital and a strategic investor also participated in the round. In connection with the financing, StrataGent Life Sciences, Inc., an Essex Woodlands Health Ventures portfolio company focused on needle-free delivery of drugs, will merge into Corium. Corium and Essex Woodlands Health Ventures have also set terms for a $15.2 million Series D financing to occur within 24 months, subject to certain conditions. Seven Hills Partners LLC acted as Corium's exclusive financial advisor and placement agent in these transactions.

The combined Company will use the proceeds to develop Corium's pipeline of advanced transdermal products employing its proprietary MicroCor(TM) microneedle technology and Corplex(TM) polymer adhesive technology. The Company will also use proceeds to develop products based on StrataGent's liquid microjet drug delivery technology.

Robert Thomas, currently CEO of StrataGent and former CEO of FoxHollow Technologies, Inc., will serve as CEO of the combined company, while Ron Eastman of Essex Woodlands Health Ventures will become the Company's chairman. Joining Mr. Eastman on the board of directors will be Corium co-founder Gary Cleary and StrataGent co-founder Ravi Srinivasan.

"Corium and StrataGent create a formidable platform for developing and manufacturing advanced drug products delivered through the skin. In addition, Corium brings an existing and fast growing revenue pipeline that generates significant profits," noted Robert Thomas. "I am excited by the potential of this combination and its new partnership with a group of seasoned investors."

"Corium is thrilled to partner with a premier healthcare venture firm like Essex Woodlands Health Ventures. T
'/>"/>

SOURCE Corium International, Inc.
Copyright©2007 PR Newswire.
All rights reserved

1

GOOD

Page: 1 2 3 4

Related biology technology :

1. Speaker announces business members of IT Task Force
2. Doyle announces technology tax credits for Berbee
3. Doyle announces new energy, global warming policies
4. Doyle announces $80M renewable energy strategy
5. GE announces first installation of Discovery VCT
6. UWM announces winners of RGI awards
7. Third Wave announces two senior management appointments
8. Mirus announces new method for making antibodies
9. Merge announces sofware updates, upcoming acquisition
10. Small Tree announces ethernet solution for Apple Xserv G5
11. TEKLYNX International announces new RFID software

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/23/2009)...ITY, Nov. 23, 2009 In a provocative new study, a ...rbon dioxide emissions the major cause of global ...conomy collapses or society builds the equivalent ...looks unlikely that there will be any substantial ...ation in carbon dioxide emission rates," says the ...
(Date:11/23/2009)...ll. You can think of it as origami very high-tec...inois have developed a technique for fabricating t...tures from thin films by coupling photolithography...teractions. , The films, only a few microns thick...e with thicker pieces of the same material. , "Th...
(Date:11/23/2009)...uting promises ultra-fast communication, computati...ormation. But trying to use quantum states as carr...ess. Now two physicists have shown, mathematically...m communication, while keeping the information int...f Physical Review Letters and highlighted with a...
(Date:11/23/2009)...sists of a two-dimensional carbon layer in which t...e, resembling a honeycomb. Carbon nanotubes are ro...phene sheets form graphite. Graphene boasts some v...resistant, an excellent thermal conductor, and rec...and ductility. In addition, graphene is impermeabl...
Breaking Biology Technology:Is global warming unstoppable? 2Is global warming unstoppable? 3Is global warming unstoppable? 4Water droplets direct self-assembly process in thin-film materials 2Polymer with honeycomb structure 2
...pril 22 ACCESS PHARMACEUTICALS, INC. (OTC Bulle...), its proprietary polymer-based oral mucositis pr...ece and the Nordic countries by its European comme...pharmaceutical company dedicated to the provision ...critical care. , , Under a license from Access P...
...Can Influence New Product Development and Innovati...t end-user study from Frost & Sullivan,s Pharm...riety of critical dynamics of drug delivery approa...ians, nurses and patients provided insight on fact...e vs. office administration parameters, and barrie...
...HAI, April 22 /PRNewswire-Asia-FirstCall/ -- China... "the Company"), a leading Chinese firm,specializi...eting and,distribution of probiotics products, tod...nong Group ("Dabeinong") to supply probiotics as b...er the initial purchase order, which has already b...
Other Biology Technology:Access Pharmaceuticals Announces the European Launch of MuGard(TM) by its European Partner, SpePharm 2Access Pharmaceuticals Announces the European Launch of MuGard(TM) by its European Partner, SpePharm 3Frost & Sullivan: Female Cancer Patients More Willing to Use Implantable Infusion Pumps Than Males 2Frost & Sullivan: Female Cancer Patients More Willing to Use Implantable Infusion Pumps Than Males 3China-Biotics, Inc. Supplies Probiotics as Additive for Poultry Feed 2China-Biotics, Inc. Supplies Probiotics as Additive for Poultry Feed 3
(Date:11/23/2009)...lied mathematicians dissected the morphology of th...stic long leaf with a saddle-like arc midsection a...ple cause of the lily,s fan-like shapeelastic rela...growthwas revealed by using an equally simple tech... postdoctoral student at Harvard,s School of Engin...
(Date:11/23/2009)...ay matters to forest trees dealing with drought, a...m led by Professor Malcolm Campbell, University of... and colleagues in the department of cell and syst...lizing on their previous work to decode the genome...w poplar trees use their 45,000 genes to respond t...
(Date:11/23/2009)...ociety says that western lowland gorillas living i...e "mother lode" of more than 125,000 gorillas disc...ed by growing humans activity in the region. , T...s adjacent to the southwest border of Lac Tl Commu...igh densities of the great apes still exist in the...
Breaking Biology News(10 mins):The cause behind the characteristic shape of a long leaf revealed 2Time of day matters to thirsty trees, U of T researcher discovers 2A year after discovery, Congo's 'mother lode' of gorillas remains vulnerable 2Blood Test Shows Statistically Significant Association With Alzheimers Disease 28AD 29 May Predict Conversion of Mild Cognitive Impairment to AD 51872 1Blood Test Shows Statistically Significant Association With Alzheimers Disease 28AD 29 May Predict Conversion of Mild Cognitive Impairment to AD 51872 2Sinovac Adjourns 2008 Annual General Meeting 13056 1Sinovac Adjourns 2008 Annual General Meeting 13056 2AstraZeneca and Mental Health Research Institute in Australia Announce Collaboration to Improve Early Detection of Alzheimers Disease 51870 1AstraZeneca and Mental Health Research Institute in Australia Announce Collaboration to Improve Early Detection of Alzheimers Disease 51870 2AstraZeneca and Mental Health Research Institute in Australia Announce Collaboration to Improve Early Detection of Alzheimers Disease 51870 3
...or it, a survival guide for bacteria might include...st from going apoptotic." A host,s cells can respo...grammed cell death. For bacteria that pass directl...he bacteria are highly virulent and induce too muc...re they,re able to jump ship, thus hurting the bac...
... professor who last year won a Presidential Award,...g the promise of stem cell research one step close...of biomedical engineering at NJIT, is researching ...esearch will help diabetics whose impaired bones w...ls, in combination with allografts ?donated bone t...
...ersity of Illinois at Chicago have identified a me... based on the sensitivity of cellular DNA to enzym...al., "Chromatin sensitivity to Alu I restriction e...y the extracellular matrix and cytoskeleton," appe...l of Pathology and is accompanied by a commentary....
Other Biology News:The Bacteria's guide to survival 2NJIT Presidential Award winner takes stem cell research another step 2NJIT Presidential Award winner takes stem cell research another step 3Study of genomic DNA leads to new advances in cancer diagnostics 2
Acrylamide/Bis 19:1 40% (w/v) solution from Ambion
DONKEY SERUM (WITH 0.09% AZIDE) from AbD Serotec
Mouse Anti-Mouse XBP-1 Monoclonal Antibody, Unconjugated, Clone F-4 from Santa Cruz Biotechnology, Inc.
Mouse Anti-Cytokeratin 1 - 8 Monoclonal Antibody, Unconjugated, Clone AE3 from Abcam
Biology Products: