3 years ago
Re-Vana Therapeutics Secures $11.9 Million in Series A Funding
Re-Vana Therapeutics Ltd, a Belfast, Northern Ireland, UK-based specialty drug delivery company developing sustained-release therapeutics for the treatment of vision-threatening ocular diseases, raised $11.9 million in Series A funding led by Visionary Ventures with participation from ExSight Ventures, InFocus Capital Partners, Qubis Ltd, Co-Fund NI, and TechStart Ventures
The company intends to use the proceeds for the development of its novel and proprietary photo-crosslinked EyeLief®, EyeLief-SD™ and OcuLief® biodegradable drug delivery technologies and for the expansion of operations and development teams.
ProblemHealthcare
"reducing the frequency of intravitreal injections required to treat retinal diseases like neovascular age-related macular degeneration (wet AMD)"
Solution
"developing sustained release ophthalmic therapeutics using proprietary photo-crosslinked EyeLief, EyeLief-SD, and OcuLief biodegradable drug delivery technologies"