Tech Company Financing Transactions
Highland Therapeutics Funding Round
Highland Therapeutics, operating out of Toronto ON, raised $50 million in funding from Eastern Capital Limited and Citibank.
Transaction Overview
Company Name
Announced On
6/25/2015
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors
Eastern Capital Limited (Lead Investor) (Mark VanDevelde)
Proceeds Purpose
The proceeds from the financing will provide, among other things, the necessary resources for Highland, through its wholly owned subsidiary Ironshore Pharmaceuticals & Development, Inc. to (i) complete the clinical development of both HLD-200 (a next-generation formulation of methylphenidate) and HLD-100 (next-generation formulation of amphetamine), (ii) secure dedicated manufacturing capacity to ensure certainty of commercial supply for the Company's products, (iii) initiate the building of a world-class sales & marketing infrastructure in the U.S., (iv) engage in pre-marketing initiatives and medical education activities and (v) pursue pipeline expansion opportunities, including the potential utility of HLD-100 in Binge Eating Disorder (BED) and other indications.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
101 College St. 200
Toronto ON, M5G 1L7
Canada
Toronto ON, M5G 1L7
Canada
Phone
Website
Email Address
Not Recorded
Overview
At Highland Therapeutics we strive to create meaningful improvements in everyday life with innovations that go beyond simple convenience.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
David Lickrish
Chief Financial Officer
Nelson Isabel
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