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    Ophirex Completes $37 Million Series B Financing to Advance Development of Broad-Spectrum Snakebite Treatment

    Details:

    Ophirex’s lead drug candidate, LY333013 (varespladib methyl), blocks sPLA2, a nearly ubiquitous and often highly toxic component of venom present in at least 95 percent of snake venoms.


    Lead Product(s): Varespladib Methyl

    Therapeutic Area: Trauma (Emergency, Injury, Surgery) Product Name: LY333013

    Highest Development Status: Phase IIProduct Type: Small molecule

    Partner/Sponsor/Collaborator: AXA IM Prime Impact Master Fund

    Deal Size: $37.0 million Upfront Cash: Undisclosed

    Deal Type: Series B Financing January 05, 2023

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