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Domain's $760 million co-investment partnership with Rusnano bears fruit with fifth transaction funded
Date:7/29/2013

e partnership:

  • CoDa Therapeutics is developing new therapeutics for wound care, including the treatment of diabetic foot ulcers and venous leg ulcers.
  • Marinus Pharmaceuticals is a specialty pharmaceutical company developing neurosteroids for central nervous system disorders.
  • Lithera is a clinical stage company developing pharmaceutical and biomedical products addressing both lifestyle and medical indications in aesthetic medicine and ophthalmology.
  • Regado Biosciences is leading the development of a new therapeutic technology based on antithrombotic aptamers with active control agents.

In addition to executing financing transactions, Domain and Rusnano are building out a world-class manufacturing company, NovaMedica, which will produce and market next-generation pharmaceuticals in Russia. The company is acquiring intellectual property rights for Russia and the Commonwealth of Independent States for all of the treatments funded under the Domain-Rusnano investment agreement. It is also now seeking to license rights to leading edge health sciences technologies outside the Domain portfolio that have application for the Russian market.

Dovey continued, "We are also delighted by the progress made by NovaMedica, our joint venture for commercialization and manufacturing in Russia.  We look forward to breaking ground this year and finding additional health sciences products beyond our portfolio companies to develop and market in Russia."

Groundbreaking on the construction of the NovaMedica plant is planned for the fourth quarter of this year. The plant, which will meet GMP standards, will be built in the Kaluga region of European Russian.  The new plant will be built under a joint venture between DRI Holdings Limited, a portfolio company of Domain Associates LLC, and RusnanoMedI
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SOURCE Domain Associates
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