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The net Proceeds will be utilized to accelerate the clinical advancement of the Nectero EAST (pentagalloyl glucose) for the treatment abdominal aortic aneurysms.
Lead Product(s): Pentagalloyl Glucose
Therapeutic Area: Cardiology/Vascular Diseases Product Name: Nectero EAST
Highest Development Status: Phase II/ Phase IIIProduct Type: Small molecule
Partner/Sponsor/Collaborator: Norwest Venture Partners
Deal Size: $96.0 million Upfront Cash: Undisclosed
Deal Type: Series D Financing April 11, 2024
Details:
Nectero EAST System is comprised of a dual-balloon delivery catheter and stabilizer mixture containing pentagalloyl glucose (PGG). It delivers PGG locally into the aneurysmal wall. It is under phase 2/3 for treatment of small- to medium-sized Abdominal Aortic Aneurysms.
Lead Product(s): Pentagalloyl Glucose
Therapeutic Area: Cardiology/Vascular Diseases Product Name: Nectero EAST
Highest Development Status: Phase II/ Phase IIIProduct Type: Small molecule
Partner/Sponsor/Collaborator: Not Applicable
Deal Size: Not Applicable Upfront Cash: Not Applicable
Deal Type: Not Applicable January 18, 2024
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