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Callidus Biopharma Announces $4.6 million in Series A Financing to Pursue Orphan Disease Therapies
Date:5/14/2013

g IGF-2. For the first time, we have the ability to modify nearly any therapeutic enzyme so it will be effectively delivered to the lysosome, enabling it to reduce the accumulated substrate that causes these devastating diseases."

Dr. Barry Byrne , Director of the University of Florida Powell Center for Rare Disease Research and a leading authority on Pompe disease and related diseases, and a pioneer in developing new therapies to restore muscle function in Pompe and other inherited myopathies, noted, "Callidus' approach opens up a new avenue for improving drug targeting of enzyme replacement treatments for Lysosomal Storage Disorders.  Poor targeting has been a major hurdle for efficient delivery of ERTs.  This breakthrough technology has the potential to improve the efficacy, safety and dosing regimens for ERTs for these devastating diseases."

Walter Greenblatt & Associates (member FINRA, SIPC), a life-science focused investment bank, served as the exclusive financial advisor to Callidus Biopharma in the transaction.

About Callidus Biopharma, Inc.

Callidus Biopharma, Inc. (www.callidusbiopharma.com) is a development-stage biotechnology company focused on developing superior biologic drugs for rare and ultra-rare diseases. Specifically, the company is focused on discovering and developing best-in-class enzyme replacement therapies (ERTs) for lysosomal storage diseases (LSDs). Callidus' novel technology platform is based on attaching a form of the naturally occurring insulin-like growth factor 2 (IGF-2) to enhance the targeting of therapeutic enzymes to the relevant cells in the body.

Callidus Biopharma's therapeutics offer the potential to reduce significantly the amount of drug that needs to be infused, which translates to patient and medical benefits of better efficacy, shorter infusion times, reduced immun
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SOURCE Walter Greenblatt & Associates
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