News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Relypsa, Inc. Raises $49.7 Million of $80 Million Funding Round


8/13/2012 8:01:05 AM

Silicon Valley / San Jose Business Journal by Jon Xavier, Web Producer

Relypsa Inc., a clinical stage biopharmaceutical company working on treatments for hyperkalemia in patients with diabetes, cronic kidney disease, and heart failure, said Friday in a filing with the SEC that it had raised $49.7 million of a $80 million Series C round.

The Santa Clara-based pharmaceutical company offered equity to secure the funding. All told, this brings the company's funding to $183 million. Relypsa's previous investors include 5AM Ventures, New Leaf Venture Partners, The Sprout Group, Delphi Ventures, CMEA Ventures, Mediphase Venture Partners and OrbiMed Advisors.

Relypsa is currently in Phase 2 of clinical trials for its RKY5016 high-capacity cation binder, which is being investigated to treat the high levels of potassium in the blood that sometimes occur as a side effect of diabetes and kidney disease. At extreme levels, potassium can cause potentially fatal heart attacks. Relypsa's treatment has already successfully completed five clinical trials.



comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES