Tech Company Financing Transactions
Velicept Therapeutics Funding Round
Velicept Therapeutics, based in Wayne, raised $21 million from CAM Capital, Longitude Capital Management and private investors.
Transaction Overview
Company Name
Announced On
12/3/2015
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series B
Investors
CAM Capital (Lead Investor)
Longitude Capital Management (Lead Investor)
Proceeds Purpose
Velicept Therapeutic Inc. of Malvern, Pa., plans to use the proceeds from the series B financing -- led by CAM Capital and Longitude Capital -- to advance mid-stage stage testing of solabegron, its lead new drug candidate.
Company Information
Company Status
Private & Independent
Industry
Biopharmaceutical
Mailing Address
640 Lee Rd. 119
Wayne, PA 19087
USA
Wayne, PA 19087
USA
Phone
Website
Email Address
Not Recorded
Overview
Velicept Therapeutics, Inc. is a privately held, clinical development company focused on advancing best-in-class compounds with the potential to fill unmet medical needs. Its lead program, solabegron, is a highly differentiated novel compound being investigated for overactive bladder (OAB) and irritable bowel syndrome (IBS).
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
James Walker
Chief Financial Officer
Douglas Gessl
Chief Medical Officer
Clarence Young
Chief Scientific Officer
Eliot Ohlstein
VP - Operations
Ray Stevens
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We do our best to record every notable VC transaction. All VC database entries reported here are sourced from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
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