Navigation Links
Alimera Sciences Closes $30 Million in Series C Financing, Increasing Stake in Medidur(TM) FA
Date:3/18/2008

ATLANTA, March 18 /PRNewswire/ -- Alimera Sciences today announced that it has closed a Series C financing round of $30 million with all five of the company's existing venture capital firms exercising the right to participate at their full pro rata share.

The proceeds from the Series C will enable Alimera to, as previously announced, acquire a majority stake in Medidur(TM) FA, the company's Phase III investigative treatment for diabetic macular edema (DME), from development partner pSivida Ltd (Nasdaq: PSDV, ASX: PSD, Xetra: PSI) and fund the remaining development obligations for the product.

Under the new agreement, Alimera will assume pSivida's Medidur FA development responsibilities and increase its share of future profits from 50 to 80 percent. For this increased equity in Medidur FA, Alimera has paid pSivida $12 million in cash and has issued a $15 million note (which would accrue interest of up to $6 million over the life of the note) and will make an additional $25 million milestone payment upon FDA approval of the product. Alimera Sciences will also assume pSivida's remaining development obligations.

"Alimera is fortunate to have received continued support from our investors who share our confidence in the potential Medidur FA can bring to the many sufferers of DME," said Dan Myers, President and CEO of Alimera Sciences.

In connection with this acquisition, Alimera will complete the licensing of the Medidur technology for use with NADPH oxidase inhibitors recently obtained from Emory University. Alimera is pursuing a treatment for dry AMD with these compounds.

"Alimera will now also have solidified access to the Medidur delivery platform for our announced NADPH oxidase inhibitors for the treatmen
'/>"/>

SOURCE Alimera Sciences Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Alimera Sciences Signs Second Agreement With Emory University for Potential Treatments Using New Class of Antioxidants
2. Edwards Lifesciences to Present at the Citi 5th Annual Small and Mid-Cap Conference
3. Pressure BioSciences, Inc. Reports 2007 Financial Results and Provides Business Update
4. Edwards Lifesciences to Present at the Cowen and Company Annual Healthcare Conference
5. Pressure BioSciences, Inc. Announces Move to New Corporate Offices
6. Dr. Mei receives 2008 Mathilde Solowey Lecture Award in Neurosciences
7. Derma Sciences Announces Numerous Clinical Presentations on MEDIHONEY(TM) Wound & Burn Dressings at Upcoming SAWC Conference
8. Numira Biosciences Names New Board Member
9. DARA BioSciences, Inc. Announces Appointment of Dr. David J. Drutz to Board
10. Annual meeting of the National Academy of Sciences
11. Advanced Life Sciences to Present at Susquehannas Second Annual SIGnificant Investment Options in Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/9/2014)... Chase Cancer Center paint a relatively optimistic picture of ... that have spread to the chest wall or skin, ... the skin, regardless of size and whether they have ... and called "locally advanced" tumors, suggesting that they ... poor survival. Locally advanced breast cancers of this and ...
(Date:7/9/2014)... in policing injection drug users in Russia might ... , A study, conducted by researchers from Boston ... collaboration with St. Petersburg Pavlov State University, sought ... the health outcomes of a cohort of HIV-positive ... Those who were arrested by police were more ...
(Date:7/9/2014)... and subjective, the human brain turns them into ... different senses, situations and even people, reports a ... , "We discovered that fine-grained patterns of neural ... the brain associated with emotional processing, act as ... feeling," says Anderson, associate professor of human development ...
(Date:7/9/2014)... 2014 There has been a sharp increase in ... Center using MyChart, the online, interactive service that allows ... their healthcare providers, schedule appointments, and renew prescriptions. , ... using MyChart each year increased five-fold, while ... than 10-fold, according to a study by Dr. ...
(Date:7/9/2014)... declines and extinctions around the world have been ... but new research from the National Institute for ... pathogen, ranavirus, may also contribute. , In ... ranavirus, which causes severe hemorrhage of internal organs ... of wood frogs if they are exposed to ...
Breaking Medicine News(10 mins):Health News:Fox Chase researchers recommend updating the staging criteria for breast cancer diagnoses 2Health News:Fox Chase researchers recommend updating the staging criteria for breast cancer diagnoses 3Health News:BU researchers relate arrests with HIV risk environment 2Health News:Study cracks how the brain processes emotions 2Health News:MyChart use skyrocketing among cancer patients, UT Southwestern study finds 2Health News:MyChart use skyrocketing among cancer patients, UT Southwestern study finds 3Health News:Study predicts ranavirus as potential new culprit in amphibian extinctions 2
... From the many images sent home from foreign battlefields over ... their country,s combat-weary veterans as stark and often iconic scenes ... Washington State University (WSU) suggests that, for many U.S. veterans, ... of the balance of their lives. In research published ...
... vaccines There are several challenges to be ... boost the patient,s anticancer immune response, are to be ... the tumor protein to the patient,s immune system are ... and suppressive responses. But now, a team of researchers, ...
... HealthDay Reporter , MONDAY, Aug. 2 (HealthDay News) -- The ... household cleaning products have decreased almost by half since 1990, ... still being treated in U.S. emergency rooms every year for ... Bleach was the cleaning product most commonly associated with injury ...
... rates of healing according to the way they cope and ... a health psychologist at The University of Nottingham. The ... month has shown that the way patients cope with the ... heals or worsens. The work by Professor Kavita Vedhara ...
... hospitals in the United States have developed an advanced search ... radiologists and other physicians extract useful data from a patient,s ... according to an article in the August issue of the ... www.jacr.org ). "Even in its simplest implementation, the ...
... at the University of Rochester,s Laboratory for Laser Energetics blocks ... light is shined on its surface, and permits gas to ... is the first time that scientists have developed a membrane ... Eric Glowacki, a graduate student at the University,s Laboratory for ...
Cached Medicine News:Health News:Sociologist finds combat veterans face more lifelong socioeconomic challenges 2Health News:JCI online early table of contents: August 2, 2010 2Health News:JCI online early table of contents: August 2, 2010 3Health News:JCI online early table of contents: August 2, 2010 4Health News:JCI online early table of contents: August 2, 2010 5Health News:JCI online early table of contents: August 2, 2010 6Health News:Household Spray Cleaners Pose Greatest Danger to Toddlers 2Health News:Household Spray Cleaners Pose Greatest Danger to Toddlers 3Health News:Mind over matter? The psychology of healing 2Health News:Researchers develop advanced search tool to help physician's sort and retrieve vital EMR data 2Health News:Purple light means go, ultraviolet light means stop 2
(Date:1/14/2014)... , Jan. 14, 2014   NuAire , a manufacturer of ... agreement with Hitachi Koki of Japan ... North America . NuAire will utilize its network ... and Canada to offer assistance in application ...
(Date:1/14/2014)... , Jan. 14, 2014   Oligomerix, Inc. , a ... therapeutics for Alzheimer,s disease (AD) and related neurodegenerative disorders, ... Valhalla, NY as of January ... space at New York Medical College. Oligomerix, ...
(Date:1/14/2014)... BETHESDA, Md. , Jan. 14, 2014   Evidera ... healthcare industry, announced that the Center for Drug Evaluation ... released its first draft qualification guidance document for a ... of Exacerbations of Chronic Pulmonary Disease Tool [EXACT] for ...
Breaking Medicine Technology:NuAire announces sales and service of Hitachi Koki centrifuges in North America 2Oligomerix Relocates Corporate Headquarters and Secures Additional Laboratory Space from New York Medical College 2Evidera Announces Release of FDA Draft Guidance on Use of the "EXACT" to Measure Symptoms of COPD Exacerbations 2Evidera Announces Release of FDA Draft Guidance on Use of the "EXACT" to Measure Symptoms of COPD Exacerbations 3Evidera Announces Release of FDA Draft Guidance on Use of the "EXACT" to Measure Symptoms of COPD Exacerbations 4
60 month warranty, constructed entirely of aluminum alloy, allows the selection of 11 units of measure....
Inquire...
Guaranteed leak-proof , Teflon coating is impervious to corrosive materials , Shock-resistant , NBS tolerances of accuracy , Thermometers are 225 mm long with an immersion length of 35 mm ...
... efficient refrigerator on the market today. The ... unit. The contoured drain channels away moisture ... walls are coated with a tough, baked-on ... door is reversible. The interior of the ...
Medicine Products: