Navigation Links
Enobia Raises US$50M from Current Investors in Series C Financing
Date:8/10/2009

MONTREAL, Aug. 10 /PRNewswire/ -- Enobia Pharma, an emerging biotech company focused on developing novel therapeutics for serious bone disorders, today announced that it raised US$50 million from its current investors in a Series C financing. The proceeds will be used primarily to fund the ongoing development program for ENB-0040, Enobia's enzyme replacement therapy (ERT) for hypophosphatasia (HPP), a rare and potentially deadly genetic bone disorder for which there is no currently approved therapy. In addition, a portion of the proceeds will be used to fund an unspecified development program.

Participants in the financing include OrbiMed Advisors LLC ("OrbiMed") of New York, CTI Life Sciences Fund of Montreal ("CTI"), the Fonds de Solidarite FTQ, Desjardins Venture Capital and Lothian Partners. All previously participated in the CDN$40.1M Series B financing in August 2007.

"Enobia and our collaborators have been enormously pleased by the early clinical results in infants with severe hypophosphatasia. We are fortunate to have the ongoing support of knowledgeable investors helping the Company to advance the ENB-0040 development program," said Robert Heft, PhD, President and CEO of Enobia. "This new round of financing will provide the Company with sufficient capital to fund our activities through the first half of 2011 and to reach important clinical and manufacturing milestones."

"This financing underscores our enthusiasm for the potential of ENB-0040 in patients with HPP," said Jonathan Silverstein, Enobia Chairman and General Partner of OrbiMed. "We're pleased to build on our existing relationship with this team of scientists and management who are dedicated to finding treatments for this and other devastating rare bone disorders."

Six month safety and efficacy results of Enobia's Phase I/II study of ENB-0040 in infants with the severe form of HPP will be pr
'/>"/>

SOURCE Enobia Pharma
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology technology :

1. Zenobia Therapeutics Successfully Completes Initial Phase of Its Service Agreement With Syntonix Pharmaceuticals
2. Enobia Completes Target Enrollment in Clinical Trial for Infantile Hypophosphatasia
3. Enobia Pharma Presents PreClinical Data Showing ENB-0040 Significantly Improved Survival and Healed Skeletal Manifestations of Severe Hypophosphatasia in Mice
4. Zenobia Therapeutics, Inc. Receives Michael J. Fox Foundation for Parkinsons Research Award for Work on PD-implicated Protein LRRK2
5. Zenobia Therapeutics, Inc. Begins Operations as a Fragment-Based Lead Discovery Company
6. Enobia Pharma Raises $40.1 Million Series B Financing
7. TSH Testing Raises Awareness of Importance of Thyroid Health
8. NeoStem Raises Additional Funds from Principals of Suzhou Erye Pharmaceuticals Company Ltd. and U.S. Institutional and Private Investors, Bringing the Total Recent Financings to Over $15 Million; Funds Will Support Expansion Activities in the United State
9. Gyros Raises SEK 80 Million to Accelerate the Commercialization of its Gyrolab(R) Systems for the Cost-Efficient Development of Biopharmaceuticals
10. Clavis Pharma Raises NOK 129 Million (USD 20 Million) in a Private Placement to Fund Further Development of its Pipeline of Novel Anticancer Drug Candidates
11. Americans United for Life: Obamas Disbanding Bioethics Council Raises Troubling Questions
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/10/2014)... can sit upside down forever. Nanophysics makes sure of that. ... article just published in Physical Review E . Knowledge ... spiders that seem to be able to sit still forever, ... many years. We will soon be able to buy smart ... foot. But the fact is, sooner or later the grip ...
(Date:7/10/2014)... will see the two universities and NPL collaborate to ... and industry and their complementary academic strengths., Working with ... shape the scientific priorities of the UK. The establishment ... 300 high-calibre PhD students, will provide a pipeline of ... potential of the Laboratory will be grown through the ...
(Date:1/15/2014)...  Bill Jacobs Automotive, a group of car dealerships headquartered in ... Heartland Blood Center and offering free oil change coupons for ... Saturday, Jan. 18 at the Bill Jacobs Cadillac and Chevrolet ... http://photos.prnewswire.com/prnh/20140115/MN46637 )  The Bill Jacobs Auto ...
(Date:1/15/2014)... (PRWEB) January 15, 2014 Look inside ... hard-working items for the lab, from fluid handling to ... (GIS)—ready to ship when you order. , Preferred ... Pumps , from the L/S® model for precise flow ...
Breaking Biology Technology:Even geckos can lose their grip 2Universities of Surrey and Strathclyde selected as strategic partners in the future operation of the National Physical Laboratory 2Universities of Surrey and Strathclyde selected as strategic partners in the future operation of the National Physical Laboratory 3Join the Bill Jacobs Auto blood drive and receive a free oil change 2Cole-Parmer Begins 2014 with the Release of Preferred Solutions 2
... , WALTHAM, Mass. , Feb. 4 ... it will make a corporate presentation at the 2010 BIO CEO & ... place February 8-9 at the Waldorf-Astoria in New York ... will provide an overview of the Company and discuss recent milestones at ...
... standing in the development of solar photovoltaics will be ... Engineering Research Council of Canada (NSERC) announced $5 million ... Photovoltaic Innovation Network. The Network is comprised of ... of advanced solar cell research at 13 universities across ...
... , , SAO PAULO , ... has confirmed that ethanol made from sugarcane is a low ... greenhouse gas,(GHG) emissions. As part of today,s announcement finalizing regulations ... designated,sugarcane ethanol as an advanced biofuel that lowers GHG emissions ...
Cached Biology Technology:Interleukin Genetics to Present at the 12th Annual BIO CEO Conference 2New Canadian solar photovoltaic research network established; based at McMaster University 2EPA Reaffirms Sugarcane Biofuel is Advanced Renewable Fuel with 61% Less Emissions than Gasoline 2EPA Reaffirms Sugarcane Biofuel is Advanced Renewable Fuel with 61% Less Emissions than Gasoline 3EPA Reaffirms Sugarcane Biofuel is Advanced Renewable Fuel with 61% Less Emissions than Gasoline 4
(Date:7/10/2014)... , July 9, 2014 The widespread ... in large part by meaningful use and related ... providers interact with laboratory information. Now, more than ... field of clinical informatics in order to deliver ... To address the educational needs of pathologists in ...
(Date:7/10/2014)... found in your popcorn or soap might not be ape ... according to an analysis in the Cell Press journal ... for vegetable oil has already led to the conversion of ... orangutans in particular. If guidelines are not put in place ... plantations from Asia into Africa will be bad news for ...
(Date:7/10/2014)... The Marshall Institute for Interdisciplinary Research (MIIR) and ... Medicine today announced they will be partnering with ... drugs. , Under the agreement with Shanghai-based HD ... the costs and risks of discovery and development ... own any intellectual property and commercialization rights to ...
Breaking Biology News(10 mins):New Clinical Informatics Curriculum Prepares Future Pathologists 2New Clinical Informatics Curriculum Prepares Future Pathologists 3New Clinical Informatics Curriculum Prepares Future Pathologists 4Hunger for vegetable oil means trouble for Africa's great apes 2Marshall University to partner with international company in drug development venture 2
... the world, the Hercules Beetle, has a colour-changing trick ... published today, Tuesday, 11 March, in the New Journal ... the species peculiar protective shell which could aid design ... not only for its strength, able to carry up ...
... in an aquarium are able to dash after food flakes ... by other fish. Researchers at MIT recently proved that marine ... similar fashion at mealtime, using their swimming skills to reach ... The behavior of bacteria at these small scales ...
... (March 10, 2008) King Abdullah University of ... today announced their partnership in KAUSTs Academic Excellence ... , collaborate in the design of the academic curriculum, ... engineering and materials science and engineering for the new ...
Cached Biology News:Mystery behind the strongest creature in the world 2Marine bacteria's mealtime dash is a swimming success 2Marine bacteria's mealtime dash is a swimming success 3KAUST announces academic excellence alliance partnership with Imperial College London 2
Rat Epidermal Keratinocytes (REK) (>500,000 cells)...
... has long been a molecule of ... a multiplicity of biologically-active peptides such ... Stimulating Hormone (a-MSH) and more. It ... being found in most vertebrates studied, ...
Recognizes the ~115 kDa NMDA receptor NR1 subunit in rat cortex tissue extracts....
Bovine Renal Artery Smooth Muscle Cells (BRASMC) (>500,000 cells)...
Biology Products: