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Mpex Pharmaceuticals Announces Series D Financing of Up to $40 Million
Date:2/10/2009

0 Americans. Patients with CF suffer from chronic infections of the lower respiratory tract that can be caused by multiple bacteria, including Pseudomonas aeruginosa. Chronic pulmonary infections and related exacerbations are associated with a decrease in lung function over time and are implicated as a major cause of morbidity and mortality in CF patients. Currently, there is only one inhaled antibiotic cleared by the United States Food and Drug Administration (FDA) for the treatment of chronic infections in CF and physicians have expressed a strong desire for additional inhaled antibiotic treatment options.

There are more than 9 million patients with COPD in the U.S. Approximately 10% of these patients are characterized as having severe disease which typically results in multiple acute exacerbations per year. These respiratory exacerbations are a major cause of disability, morbidity, mortality and healthcare expenditures. There is no cure for COPD and as such, current treatment is aimed at managing symptoms and preventing exacerbations. There are currently no inhaled antibiotics approved by the FDA for the prevention of exacerbations in COPD patients.

Wedbush Pacific Growth Life Sciences served as placement agent to the company in this transaction.

About Mpex Pharmaceuticals

Mpex Pharmaceuticals is a clinical stage biopharmaceutical company whose mission is to develop important new therapies to combat the growing issue of antibiotic resistance. The company's internal development pipeline focuses on combining proprietary formulations, PK/PD strategies and novel potentiating agents with proven antibiotics to overcome or directly inhibit the molecular mechanisms in bacteria responsible for antibiotic resistance. Mpex's most advanced product candidate, MP-376, is a proprietary aerosol formulation of levofloxacin that is being developed clinically as a maintenance therapy for the prevention of b
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SOURCE Mpex Pharmaceuticals, Inc.
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