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Ocera Therapeutics Closes $35.5 Million Series C Financing
Date:2/20/2008

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"Ocera Therapeutics is a unique biopharmaceutical company which has achieved bringing AST-120 through Phase 3 trials for Crohn's disease in a very short time and in a capital efficient manner," commented Ashton Newhall, general partner, Montagu Newhall Associates. "Our confidence in the ability of Ocera's management team to deliver on its goals and expand the market opportunity for this product by focusing on orphan drug as well as other indications with unmet medical needs makes this an exciting opportunity. We look forward to upcoming milestones related to AST-120."

About AST-120

AST-120 Spherical Adsorbent Carbon is not absorbed in the body. It was in-licensed in 2005 from Kureha of Japan. Ocera has completed enrollment in FHAST1, the Fistula Healing with AST-120 Phase 3 pivotal trial in Fistulizing Crohn's disease conducted in North America, Europe and Israel. Ocera is studying AST-120 in a Phase 2 trial for Pouchitis, an orphan drug indication, and has also initiated proof-of-concept trials in Irritable Bowel Syndrome, Hepatic Encephalopathy and PPI-resistant GERD.

About Ocera Therapeutics

Ocera Therapeutics, Inc. is a privately held biopharmaceutical company focused on the licensing, development and commercialization of proprietary compounds to treat a broad range of gastrointestinal and liver diseases. Based in San Diego, Ocera was co-founded by Dr. Eckard Weber of Domain Associates and Dr. Laurent Fischer. The Company is pursuing the development of AST-120, a "pipeline-in-a-drug" for Inflammatory Bowel Diseases, such as Crohn's and Pouchitis and exploring its potential to treat other gastro-intestinal and liver diseases. Ocera Therapeutics has raised $62 million dollars in venture financing from Montagu Newhall Associates; InterWest Partners; AgeChem Venture Fund; Cross Creek Capital, an affiliate of Wasatch Advisors; FinTech; CDIB BioScience; Domain Associates
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SOURCE Ocera Therapeutics, Inc.
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