SteadyMed Therapeutics Obtains $10,400,000 New Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5f9f3b7-208a-4a3c-ac48-66820702d3f9&Preview=1
Date
9/18/2012
Company Name
SteadyMed Therapeutics
Mailing Address
Undisclosed San Francisco, CA 94123
Company Description
SteadyMed Therapeutics, Inc. is a private, venture funded, Drug Delivery Therapeutics Company. We are leaders in the development and commercialization of prefilled, size efficient and disposable patch pump technology.
Website
http://www.steadymed.com/
Transaction Type
Venture Equity
Transaction Amount
$10,400,000
Transaction Round
Undisclosed
Proceeds Purposes
Proceeds from the financing will be used to support the development and commercialization of the company’s lead drug product that leverages its PatchPump® technology; a novel, prefilled, size efficient and disposable subcutaneous drug delivery system for which the company aims to complete pivotal clinical trials in 2013 followed by commercial launch in the U.S. in 2014. Proceeds will also be used to complete the outsourced manufacturing infrastructure to support the company’s commercialization strategy.
M&A Terms
Venture Investor
KB Partners
Venture Investor
Samson Ventures
Venture Investor
Undisclosed